On 13 June 2022, the boards of directors of Bidco and Go-Ahead announced that they had reached agreement on the terms of a recommended cash acquisition pursuant wherby Bidco would acquire the entire issued and to be issued share capital of Go-Ahead for an Acquisition Value of 1,500 pence for each Go-Ahead Share, comprising 1,450 pence in cash and a special dividend of 50 pence per Go-Ahead Share.
The boards of directors of Bidco and Go-Ahead are pleased to announce that they have now reached agreement on the terms of an increased recommended cash offer pursuant to which Go-Ahead Shareholders will be entitled to receive 1,550 pence per Go-Ahead Share comprising 1,450 pence in cash and a special dividend of 100 pence per Go-Ahead Share for the entire issued and to be issued share capital of Go-Ahead
In order to allow all Go-Ahead Shareholders the proper opportunity to fully consider the Increased Offer, the board of Go-Ahead intends to propose that the date by which agreement is required by shareholders is adjourned until 16th August.
Go-Ahead website here
Bidco (Kinetic and Globalvia) consortium