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Thursday, June 1, 2023

EQT to take UK's Dechra Pharma private for $5.6 bln

 Swedish investment firm EQT will take Dechra Pharmaceuticals DPH.L private in a deal with an equity value of 4.46 billion pounds ($5.62 billion), the British veterinary drugmaker said on Friday.

Under the terms of the deal, each Dechra shareholder will receive 3,875 pence in cash, which represents a premium of about 44% to the last closing price before the offer period commenced.


The firms had been in talks for a deal since April.

The enterprise value of the deal is 4.88 billion pounds.


https://www.nasdaq.com/articles/eqt-to-take-uks-dechra-pharma-private-for-$5.6-bln


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