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4 months ago
BRIEF-Shawbrook independent directors say do not recommend buyout offer
May 2, 2017 / 6:15 AM / 4 months ago

BRIEF-Shawbrook independent directors say do not recommend buyout offer

May 2 (Reuters) - Shawbrook Group Plc

* Independent directors are not able to recommend the offer made by Merlin Bidco, a company jointly owned by funds of Pollen Street Capital Limited and BC Partners LLP, which was announced on 31 March 2017

* Independent directors unanimously recommend that Shawbrook shareholders should take no action in relation to offer Source text for Eikon: Further company coverage: (Reporting by Clara Denina)

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