McCarthy & Stone shareholders back £647m deal

McCarthy & Stone Beechfield Court: Photographer Freia Turland

US private equity firm Lone Star has had a bid of £647m for retirement communities operator McCarthy & Stone accepted. The agreement was reached after the original offer of £630m, which was made in October, was increased. Under the terms of the final offer shareholders will receive 120 pence per share. Results showed 75.4% of…

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