TDG repris par Bidco
Communiqué : October - Laxey Partners announced the completion of UK-headquartered TDG Plc by Bidco, incorporated in the Isle of Man, was formed at the direction of private equity company Laxey Partners Ltd. TDG had been the target of speculation about its future for some time before Laxey Partners moved in, with other 3PLs (third party logistics providers) showing interest. A previous planned merger with UK-based Christian Salvesen did not materialise. Then, earlier this year, another UK-based European logistics provider, Wincanton, approached the board of TDG with a cash offer of £2.81 (€3.55) per share but subsequently pulled out, saying the bid was not in the best interests of its shareholders. Laxey Partners was already a 22% shareholder of TDG. The latter announced that effective October 2, trading of TDG shares on the London Stock Exchange would be halted. The company also explained that TDG shareholders would receive either £2.50 (€3.16) in cash for each Scheme Share or £2.00