LONDON: Loungers plc and CF Exedra Bidco Limited, a company indirectly owned by Fortress Investment Group, LLC, have announced an agreement for Bidco to acquire the entire issued and to be issued share capital of Loungers. The acquisition will be executed through a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006….
Tag: Fortress Investment Group
Fortress Investment Group offers to acquire Loungers plc for £338.3 million
LONDON: Fortress Investment Group through CF Exedra Bidco Limited has offered to acquire Loungers plc. Under the terms of the acquisition, each Loungers shareholder will be entitled to receive 310 pence in cash per share with an alternative option to participate in an unlisted share alternative in respect of some or all of their Loungers…