Civitas Social Housing board reaches agreement over £485m offer

Michael Wrobel, non-executive chairman, Civitas

The board of Civitas Social Housing plc has agreed a recommended cash offer of £485m from Wellness Unity Ltd, a wholly owned indirect subsidiary of CK Asset Holdings Ltd. Under the terms of the offer, each Civitas shareholder will be entitled to 80 pence per share. In addition, shareholders who are on the register as…

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