De La Rue Shareholders Approve Acquisition by ACR Bidco Limited

The latest update is out from De La Rue ( (GB:DLAR) ).

De La Rue PLC has announced the approval of its acquisition by ACR Bidco Limited, a company managed by Atlas Holdings LLC, through a court-sanctioned scheme of arrangement. The acquisition, which involves an all-cash offer for De La Rue’s entire share capital, received overwhelming support from shareholders at both the Court Meeting and the General Meeting. This acquisition is expected to impact De La Rue’s market positioning by potentially enhancing its operational capabilities under new ownership, with the scheme anticipated to become effective by July 2, 2025.

Spark’s Take on GB:DLAR Stock

According to Spark, TipRanks’ AI Analyst, GB:DLAR is a Neutral.

De La Rue’s overall stock score is largely influenced by its poor financial health, marked by declining revenues and net losses. However, technical analysis shows some bullish momentum, and strategic corporate events hint at potential improvement. Despite these positives, the negative valuation metrics and shareholder changes present notable concerns.

To see Spark’s full report on GB:DLAR stock, click here.

More about De La Rue

De La Rue PLC operates in the security printing industry, specializing in the production of banknotes and other secure documents. The company is known for its focus on providing secure and innovative solutions for currency and identity products.

Average Trading Volume: 1,544,141

Technical Sentiment Signal: Buy

Current Market Cap: £252.4M

See more data about DLAR stock on TipRanks’ Stock Analysis page.