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Shanks Walks Away from Carlyle Buyout Talks

Posted on: March 9, 2010 by PEHub AdministratorNo Comments »

LONDON (Reuters) – British waste management company Shanks (SKS.L) ended talks with buyout firm Carlyle Group after rejecting a reduced 120 pence per share indicative cash offer, sending its shares down 14.5 percent. Shanks said it received a final offer from Carlyle on Monday valuing the business at 476 million pounds ($713 million), lower than [...]

Carlyle: We’re Mulling Deal for Shanks

Posted on: December 24, 2009 by PEHub AdministratorNo Comments »

LONDON (Reuters) – U.S. private equity firm Carlyle Group said it has talked to British waste management company Shanks Group (SKS.L) about a possible takeover offer. Earlier this month, Shanks said it had received a 536 million pound ($855 million) approach worth 135 pence per share, but its board and key shareholders were looking for [...]

Carlyle Offers To Buy UK Waste Management Co Shanks

Posted on: December 7, 2009 by PEHub AdministratorNo Comments »

LONDON (Reuters) – British waste management firm Shanks Group Plc revealed a 536 million pound ($889 million) buyout approach, sending its shares soaring, but said its board and key shareholders were looking for at least 10 percent more. Shanks (SKS.L) did not name the company behind the approach but a person familiar with the matter [...]