Radiocor News

Rosebank Industries in talks to buy two US businesses for 3.05 bln usd

(Il Sole 24 Ore Radiocor) - Milano, 16 feb - Rosebank Industries said it was in advanced discussions to buy two private equity-owned US-based businesses for a headline enterprise value of around 3.05 billion dollars.

The UK-listed company said if the deal proceeded it would be funded through a combination of a fully underwritten equity issue of about 1.9 billion pounds (2.59 billion dollars) and new debt facilities.

The statement follows media speculation.

Rosebank said that, irrespective of whether the deal proceeded or not, it intended to complete its move to the main market of the London Stock Exchange in the second.

quarter of this year.

(RADIOCOR) 16-02-26 16:01:33 (0374) 5 NNNN

 


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