Sun Capital No Longer Considering Takeover Offer For Clipper Logistics

(Alliance News) - Sun Capital Partners Group VII LLC on Wednesday said it is not intending to ...

Alliance News 15 January, 2020 | 12:30PM
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(Alliance News) - Sun Capital Partners Group VII LLC on Wednesday said it is not intending to make an offer for retail logistics firm Clipper Logistics PLC.

In November, Clipper confirmed it had received a takeover approach from private equity firm Sun European Partners LLP on behalf of Sun Capital. However, Sun Capital confirmed Wednesday it will not make a formal offer.

Shares in Clipper Logistics were down 10% at 262.72 pence in London at midday. Before the offer, Clipper's shares were trading at 242.50p and peaked at more than 300p in December.

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Clipper Logistics PLC 335.00 GBX 4.69 -

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