Mitie suspends £100m share buyback amid OCS takeover offer
The facilities management group halts its share repurchase program as a rival outsourcer makes a takeover bid.
Adriana Beckova
Mitie, a facilities management group listed in London, has suspended its £100 million share buyback program.
The suspension comes amid a takeover offer from rival outsourcer OCS.
The amount of share repurchase program suspended by Mitie.
The takeover is valued at £3.1 billion, according to reports.
One source frames the development as an offer from OCS, while another reports that Mitie has agreed a £3.1bn takeover by OCS.
Mitie agrees £3.1bn takeover by rival outsourcer OCS.
Mitie is a London-listed facilities management group.
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