Ocado Group Sets £700M Cap for Note Purchase Offer

Ocado Group (GB:OCDO) has released an update.

Ocado Group plc, a UK-based technology company, has announced a £700 million maximum spend for its cash tender offer to purchase certain notes, with potential adjustments at the company’s discretion. The offer, which began on July 29, 2024, will conclude on August 6, 2024, with results to be declared shortly thereafter and settlement expected on August 13. Financial institutions BNP PARIBAS and Goldman Sachs International are managing the tender offer, while Lazard & Co. serves as Ocado’s independent financial adviser.

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