Sheikh Holdings and CareTech talks at ‘advanced stage’

Farouq Sheikh, CareTech executive chairman

Extensions have been granted in relation to offers for CareTech following separate proposals from Sheikh Holdings and DBAY Advisors Ltd. On 13 April Sheikh Holdings upped its proposal for the provider to 750 pence per share with a partial share alternative. The revised proposal followed those of 725 and 710 pence per ordinary share. Sheikh…

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