Join our community of smart investors

TDR Capital finally hits the bullseye with Arrow Global offer

This the fifth approach by the private equity group
TDR Capital finally hits the bullseye with Arrow Global offer
  • Arrow Global is recommending an all-cash takeover offer of 307.5p per share
  • The bid is a 33 per cent premium to the company's closing price on 4 February

It appears that the fifth time’s a charm for TDR Capital. The private equity group has finally struck an agreement to take over distressed debt specialist Arrow Global (ARW) for 307.5p per share, following earlier approaches at 250p and 265p in December, 290p in January, and 305p in February.

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in