Lone Star makes offer to buy McCarthy & Stone for £630m

McCarthy & Stone's Boathouse development in Southampton, Hampshire

US private equity firm Lone Star has made a cash offer to buy retirement living operator McCarthy & Stone for £630m. An offer of £1.15 per share represents a premium of 38.6% to the closing price of 83p yesterday (Thursday 22 October). McCarthy & Stone, which was advised by Rothschild & Co and Deutsche Bank…

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