N Brown (GB:BWNG) has released an update.
N Brown Group is set to be acquired by Falcon 24 Topco Limited, led by Joshua Alliance, in a deal valuing the company at approximately £191 million. Shareholders will receive 40p per share in cash, representing a significant premium over recent trading prices, with an alternative to receive unlisted shares in Bidco. The acquisition aims to unlock N Brown’s growth potential by transitioning the company to private ownership, with support from its current executive team.
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