Sepura on the table for purchase by Hytera
Hytera has made a binding offer to buy Sepura.
The Sepura board of directors has recommended that the offer, which will be solely in cash, should be accepted.
“This transaction with Hytera recognises the underlying strengths of Sepura’s technology and customer base,” said Alan Lovell, chairman of Sepura.
“It will provide certainty for our stakeholders and secure the future of the business. There will be additional opportunities and benefits for the business and its employees as part of a larger group."
The offer and its impact on all Sepura stakeholders will now need to be carefully considered by Sepura shareholders before a final decision is made.
As part of this process, an information pack outlining the terms of the offer will be issued to Sepura shareholders in January, ahead of a general meeting to be held in February.
Full details of the binding offer are available on the investor section of the Sepura website at www.sepura.com/investors.
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