Deutsche Bank will acquire the entire issued and to-be-issued share capital of investment bank Numis for a cash consideration of around £410m.
In a regulatory filing today (28 April), Numis said its board agreed to the deal, valuing Numis's shares at 350p. This comprises 339p in cash and two additional interim dividends - one of 6p per share for the six months ended 31 March 2023, and one of 5p per share conditional to the transaction becoming effective. Numis: No 'meaningful' pick-up in London IPO market in short term The offer represents a premium of 72% to the closing price of 204p per Numis share on 27 April 2023, and a 60% premium to the volume-weighted average price of 219p per Numis share for the three months to 27...
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