The on-again, off-again saga of the takeover of UK factory outlet developer Freeport by CEREP Investment, the Carlyle subsidiary, seems to be on again. Two weeks ago 54% of Freeport shareholders had accepted Carlyle’s offer, and the Takeover Panel gave the rest of them until 31 August to accept. When the closing date arrived, CEREP says it had received valid acceptances from Freeport's shareholders in respect of 96.94% of Freeport's existing issued share capital. CEREP has now declared the offer wholly unconditional and has applied for Freeport to be de-listed.
The on-again, off-again saga of the takeover of UK factory outlet developer Freeport by CEREP Investment, the Carlyle subsidiary, seems to be on again. Two weeks ago 54% of Freeport shareholders had accepted Carlyle’s offer, and the Takeover Panel gave the rest of them until 31 August to accept. When the closing date arrived, CEREP says it had received valid acceptances from Freeport's shareholders in respect of 96.94% of Freeport's existing issued share capital. CEREP has now declared the offer wholly unconditional and has applied for Freeport to be de-listed.
