CMA clears Mitie's acquisition of Interserve Facilities Management
Mitie Group
115.00p
16:40 25/04/24
-1.03%
-1.20p
Mitie shares rallied on Tuesday after the Competition and Markets Authority approved its acquisition of Interserve’s cleaning and maintenance business.
FTSE All-Share
4,387.94
16:49 25/04/24
n/a
n/a
FTSE Small Cap
6,412.53
17:14 25/04/24
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Support Services
10,523.75
17:09 25/04/24
-0.41%
-43.24
Mitie announced in June that it was planning to buy Interserve Facilities Management for £271m to enhance its position "as a leading UK facilities management company".
Earlier this month, Mitie revised the terms of the acquisition, reducing the price by £81m.
The deal is subject to a shareholder vote that will be held on 23 November.
At 1305 GMT, the shares were up 6.7% at 36.26p.