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Premier Technical skyrockets on Macquarie offer

Premier Technical skyrockets on Macquarie offer

Premier Technical Services Group (PTSG) has reached an agreement to be acquired by a subsidiary of Australian investment bank Macquarie. Under the terms of the all-cash offer – which values the group at around £265m – shareholders will receive 210.1p a share. This represents a staggering 142 per cent premium to the 87p closing price on 19 June and is 304 per cent higher than the 52p listing price in 2015.

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