Senior PLC has confirmed it is in discussions with multiple potential offerors regarding a possible acquisition of the entire issued and to be issued share capital.
This announcement follows the rejection of two previous all-cash proposals from one party, and the receipt of two superior all-cash proposals from other potential offerors. In light of these ongoing discussions, Senior PLC has postponed its planned £40 million buyback program.
The company is now in an "offer period" under the City Code on Takeovers and Mergers, and has appointed Lazard and Jefferies as financial advisers to manage these discussions. The announcement also details regulatory disclosure requirements for shareholders and potential offerors.
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