Ireland: Clayton, Dubilier & Rice to acquire UDG Healthcare for £2.6bn

Shares in Dublin-based health-services provider, UDG Healthcare, moved over 20% higher as news emerged that the company’s board had unanimously backed a cash (US$3.7bn) takeover from US private equity firm, Clayton, Dubilier & Rice (CDR). Shareholders of London-listed UDG are eligible for 1,023 pence per share in cash, a premium of around 21.5% over the…