Euromoney 'unanimously recommends' shareholders accept takeover offer

Business and financial information company Euromoney Institutional Investor has recommended shareholders accept Becketts Bidco's 1,461.0p per share cash takeover offer.

Euromoney said on Friday that shareholders will be entitled to receive 1,461.0p in cash for every share following its acquisition by Becketts Bidco.

Euromoney stated its board "unanimously recommends" that shareholders vote or procure votes in favour of the terms and highlighted that the group's directors had already irrevocably undertaken to do so with their own beneficial holdings.

The FTSE 250-listed group had previously agreed to be bought by Bidco, a private equity consortium led by France's Astorg Asset Management, for £1.6bn.

Reporting by Iain Gilbert at Sharecast.com