N Brown (GB:BWNG) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
N Brown Group is set to be acquired by Falcon 24 Topco Limited, led by Joshua Alliance, in a deal valuing the company at approximately £191 million. Shareholders will receive 40p per share in cash, representing a significant premium over recent trading prices, with an alternative to receive unlisted shares in Bidco. The acquisition aims to unlock N Brown’s growth potential by transitioning the company to private ownership, with support from its current executive team.
For further insights into GB:BWNG stock, check out TipRanks’ Stock Analysis page.