CityFibre accepts GBP 537.8 mln takeover offer from Antin consortium

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(Telecompaper) UK wholesale operator CityFibre said it has accepted an acquisition that values the company at around GBP 537.8 million, or GBP 0.81 per share in cash. The offer was made by Bidco, a newly incorporated 50:50 consortium made up from Antin and WSIP, itself including West Street Global Infrastructure Partners and Broad Street Principal Investments UK. CityFibre said the deal represents a premium of almost 93 percent from the closing price of GBP 0.42 per share on 23 April, the last day before the bid announcement. 
Source: Industry News (syndicated from Telecompaper.com)

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