on SEGRO PUBLIC LIMITED COMPANY (isin : GB00B5ZN1N88)
SEGRO's Offer for Tritax EuroBox Lapses
On 18 November 2024, SEGRO PLC announced the lapse of its all-share offer for Tritax EuroBox PLC. The proposed acquisition, announced on 4 September 2024, involved a court-sanctioned scheme under Part 26 of the Companies Act 2006. This scheme required meetings to occur by 15 November 2024. However, key conditions of the scheme were not met by this date.
No agreement or extension was made regarding the "Mini Long Stop Date," leading to the lapse of SEGRO's offer. This follows SEGRO’s announcement on 12 November 2024, affirming its original timeline. The lapse means that conditions set out, specifically conditions (b)(i) and (b)(ii), were not satisfied.
The announcement is detailed in SEGRO’s scheme document published in September 2024. For further information, parties are encouraged to consult the scheme document available on SEGRO's website.
R. P.
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