Market Tracker weekly deal round-up 19 July 2019

Corporate announcements for the week ending 19 July 2019, including a recommended cash offer for Ei Group plc by Stonegate Pub Company Limited, a firm partial offer for Aston Martin Lagonda Global Holdings plc by Investindustrial Advisors Limited, a recommended offer for Acacia Mining plc by Barrick Gold Corporation, and a formal sale process by Amerisur Resources plc, delistings of Albert Technologies Limited and Mortice Limited, a transfer from AIM to the Main Market by Oakley Capital Investments Limited, a return of value to shareholders by Micro Focus International plc, and an AGM notice from Stagecoach Group plc.

The weekly round-up covers all deals announced within our statement of scope until 12 noon on the Friday of the previous week. Any deals announced after this time will be included in the following day's round-up.

All transactions covered in this update are available on the Market Tracker deal analysis tool containing over 5,000 public company deal summaries.

For trend reports and other analysis see our Trend Reports subtopic.

New deals (and AGMs) announced:

AGMs

12 July 2019Stagecoach Group plcTravel, Hospitality, Leisure & TourismStagecoach Group has announced that its 2019 AGM will be held on 30 August 2019.

Delistings

16 July 2019Albert Technologies LimitedComputing & ITAlbert Technologies announced  that it is proposing to cancel admission of its ordinary shares of nil par value to trading on AIM.
15 July 2019Mortice LimitedProfessional ServicesMortice announced  that it is cancelling admission of its ordinary shares of nil par value to trading on AIM.

Returns of value to shareholders

17 July 2019Micro Focus International plcComputing & ITMicro Focus International has announced the commencement of a new share buy-back programme with an initial tranche of upto £161.04 million ($200 million). The programme will be effected in accordance with the terms of the authority granted by shareholders at the 2019 AGM and the Listing Rules. Any ordinary shares of the company purchased will be held in treasury.
The company may determine it wishes to extend the buy-back programme and, if so, a further announcement will be made at a later date.

Takeovers

19 July 2019Acacia Mining plc offer by Barrick Gold CorporationMining, Metals & ExtractionAcacia Mining announced a recommended offer by Barrick Gold Corporation of all of the shares that it does not already own in Acacia Mining through a share for share exchange. The acquisition is to be structured by way of a scheme of arrangement.
19 July 2019Amerisur Resources plcEnergy & utilitiesAmerisur Resources announced that the board had decided to review all the company’s strategic options in order to deliver maximum value for its stakeholders. The strategic review includes a formal sale process.
19 July 2019Aston Martin Lagonda Global Holdings plc firm partial offer by Investindustrial Advisors LimitedAutomotiveStrategic European Investment Group S.a.r.l (an independently managed investment subsidiary of Investindustrial VI L.P., a fund managed by Investindustrial Advisors Limited) announceda firm partial cash offer for 6,840,090 shares in Aston Martin Lagonda Global Holdings, representing approximately 3% of the issued share capital of Aston Martin Lagonda Global Holdings.
18 July 2019Ei Group plc offer by Stonegate Pub Company LimitedTravel, Hospitality, Leisure & TourismEi Group announced that it received a recommended cash offer for its entire issued and to be issued share capital from Stonegate Pub Company Bidco Limited, a wholly-owned subsidiary of Stonegate Pub Company Limited. The transaction is to be structured by way of a scheme of arrangement. The consideration value of the offer is £2.85 per share and the offer values the entire issued and to be issued ordinary share capital of Ei Group at approximately £1.27 billion.

Transfers from AIM to the Main Market

18 July 2019Oakley Capital Investments LimitedInvestmentOakley Capital Investments announced a move to the Specialist Fund Segment of the London Stock Exchange's Main Market and cancellation of trading of its ordinary shares on AIM. The expected admission date is 23 August 2019.

 

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