U.K. Banknote Printer De La Rue Accepts $347 Million Takeover Bid by Atlas
British banknote printer De La Rue DLAR 15.63%increase; green up pointing triangle agreed to a 263 million-pound ($347 million) takeover by U.S. buyout firm Atlas Holdings, signaling the end of its nearly 80-year listing on the London Stock Exchange.
Atlas is offering 130 pence in cash for each De La Rue share, which is a 16% premium to Monday's closing price of 112 pence, it said Tuesday. The stock jumped in morning exchanges to roughly match the offer price.
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