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Health and social care provider Care UK plc (CUK:LSE) says it has rejected a takeover approach from private equity buyout group Bridgepoint Capital, Growth Company Investor reports.
The fully listed company, which has been expanding and is itself on the lookout for potential acquisitions, describes the approach as â€˜unsolicitedâ€™ and â€˜very preliminary in natureâ€™. After discussing the offer with adviser Investec, Care UK's directors have decided to reject it.
Shares in Care UK, which have traded between 200 Pence and 390 Pence over the past year, now stand at 385 Pence, down 7 Pence this morning. That values the company at 240.14 million Pounds.