Ember Infrastructure Management Says Ashtead Technology Acquisition Valued At About £505m On Fully Diluted Basis

By Reuters News

Oct 21 (Reuters) - Ember Infrastructure Management:

  • EMBER INFRASTRUCTURE ASHTEAD TECH HLDGS - RECOMMENDED OFFER FOR ASHTEAD TECHNOLOGY HOLDINGS

  • EMBER: ACQUISITION PRICE VALUES ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF ASHTEAD TECHNOLOGY AT APPROXIMATELY £505 MILLION

  • EMBER INFRASTRUCTURE MANAGEMENT: EACH ASHTEAD TECHNOLOGY SHAREHOLDER ENTITLED TO GET 615 PENCE IN CASH PER SHARE

  • EMBER: DEAL EXPECTED TO COMPLETE EITHER LATE IN Q4 OF 2026 OR EARLY IN Q1 OF 2027

  • EMBER: ASHTEAD TECHNOLOGY DIRECTORS UNANIMOUSLY INTEND TO RECOMMEND SHAREHOLDERS VOTE IN FAVOUR OF DEAL

Further company coverage: ATAS.L

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