|Bid||913.00 x 0|
|Ask||914.00 x 0|
|Day's range||910.00 - 929.14|
|52-week range||525.00 - 929.14|
|Beta (5Y monthly)||0.16|
|PE ratio (TTM)||53.33|
|Forward dividend & yield||0.15 (1.62%)|
|Ex-dividend date||29 Apr 2021|
|1y target est||N/A|
Britain's Sanne Group said on Friday it will enter into buyout talks with Cinven after the private equity firm made a sweetened all-cash offer of 1.42 billion pounds ($2.01 billion) for the asset management services provider. Sanne said the unsolicited offer of 875 pence per share from Cinven was the fifth such proposal made by the fund. The company in May rejected a 1.35 billion pounds offer from the investment group and said it undervalued Sanne.
(Reuters) -Asset management services provider Sanne Group rejected buyout firm Cinven's 1.35-billion-pound ($1.90 billion) proposal as too low, the London-listed company said on Friday, expressing no interest in further engagement with the fund. The unsolicited proposal is the third in recent months, Sanne said. It comes at hefty premium of about 38% to Sanne's last closing price.
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