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DCC PLC - Dublin-based provider of sales, marketing and distribution services to the energy sector - Says £600 million tender offer to return cash from the sale of its Healthcare arm is fully subscribed. As a result, DCC will buy back 11.6 million shares, about 12% of its total, at the tender offer price of £51.70 on Friday. The tender offer is being managed by stockbrokers Davy. DCC completed the £1.05 billion sale of DCC Healthcare in September and at the time said it will return £800 million to shareholders. DCC started a £100 million share buyback in May. The remaining £100 million will be paid out in about two years, once DCC has received the final deferred payment from the health unit disposal. Current stock price: 5,015.00 pence, up 2.0% in London on Friday morning 12-month change: down 3.4% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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