CareTech receives £820m proposal from Sheikh Holdings consortium

Farouq Sheikh, CareTech executive chairman

CareTech has received a proposal from a consortium led by Sheikh Holdings Group (Investments) Ltd that values the provider at £821.7m. Independent directors of the provider – Jamie Cumming, Moira Livingston and Adrian Stone – received an initial proposal from the consortium on 22 March, which offered each CareTech shareholder 710 pence per ordinary share….

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