Sanne in talks with Cinven over new 875p-a-share offer
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Asset management services provider Sanne Group said it was in talks with Cinven after the buyout firm made a new 875p-a-share offer for the firm.
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Sanne had previously rejected a £1.35bn proposal last month as too low, The current proposed offer would value Sanne at £1.42bn.
Cinven now has until July 9 to make a firm offer, Sanne said on Friday, adding that there can be no certainty that any firm offer will be made or about its terms.