Epiris to buy Gamma Communications in £1.02bn deal
Epiris will pay 1,120p per share in cash to acquire Gamma Communications, valuing the deal at £1.02bn. The offer implies a 53% premium to Gamma’s 7 April closing price.
Under the terms of the acquisition, Epiris will pay 1,120p per share in cash.
This is a 53% premium to the closing share price on 7 April, which was the last trading day prior to the start of an offer period.Epiris said that through increased investments and a renewed strategic focus on innovation…