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Dignity PLC’s suitors will move to cancel the funeral services provider’s London listing as a takeover bid is now unconditional. Valderrama Ltd, jointly-owned by SPWOne V Ltd, Castelnau Group Ltd and Phoenix Asset Management Partners Ltd, has acquired or agreed to acquire 75% worth of shares in Dignity. Dignity in January agreed to a takeover which values the company at £281 million, with an implied enterprise value of around £789 million. Dignity shares are expected to be cancelled from trading on May 25. Shares in the company closed 0.1% lower at 549.61 pence each in London on Monday, giving it a market capitalisation of £275.5 million. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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