Lone Star makes £630 million bid for McStone

Oct. 23, 2020
Global investment firm Lone Star has made a cash offer to acquire retirement giant McCarthy & Stone for approximately £630 million. The board of McStone said it supported the offer at 115p per share, which represents a premium of 38.6% to its closing share price of 83.0p as of October 22 2020. Lone Star said the acquisition represented an “attractive ...

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