Arrow agrees to sweetened $773 million bid from TDR Capital

Industry:    2021-04-01

European investor and asset manager Arrow Global agreed to a sweetened cash offer from private equity firm TDR Capital that valued it at 563 million pounds ($772.72 million), the companies said on Wednesday.

Arrow Global shareholders will get 307.5 pence in cash for each share they hold, as per the recommended bid, which follows TDR’s fourth proposal for a 305 pence per share bid last month.

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