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    AUG   GB00B02H2F76

AUGEAN PLC

(AUG)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/15 11:35:05 am
371 GBX   --.--%
10/14AUGEAN : Samson Rock Capital LLP - Form 8.3 - Augean Plc
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10/08AUGEAN : Samson Rock Capital LLP - Form 8.3 - Augean Plc
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10/05AUGEAN : Samson Rock Capital LLP - Form 8.3 - Augean Plc
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Augean : Buyout battle for waste management firm Augean headed to auction - regulator

09/16/2021 | 10:57am EDT

(Reuters) - Britain's takeover regulator said on Thursday the buyout battle for waste management firm Augean will enter a formal auction process if suitors, Ancala Partners and Morgan Stanley Infrastructure (MSI), do not make their final bids by Sept. 21

Earlier this month, MSI made a 340-pence-per-share ($4.68) sweetened offer for Augean, topping the 325-pence-per-share offer from Ancala that the London-listed company agreed to in August. Ancala made the offer through its Eleia entity.

Augean said on Thursday it was withdrawing its recommendation for the Eleia offer, adding that its directors have proposed to adjourn shareholder meetings with MSI and Eleia.

Head-to-head auctions are initiated by the regulator if two competing bids that have not been declared final remain on the table for the company at the end of the offer period.

The takeover panel said the regulator, Augean, MSI and Eleia had agreed to a custom auction procedure different from the default option.

The possible auction for Augean comes about a month after the UK Takeover Panel intervened in the fight for the control of drugmaker Vectura, but a deal by Philip Morris was finalised without the commencement of the auction.

Auctions are usually a rare occurrence. The last major deal that went to auction was in 2018 for pay-television group Sky, and Comcast emerged as the winner.

($1 = 0.7265 pounds)

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Amy Caren Daniel)


ę Reuters 2021
All news about AUGEAN PLC
10/14AUGEAN : Samson Rock Capital LLP - Form 8.3 - Augean Plc
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10/08AUGEAN : Samson Rock Capital LLP - Form 8.3 - Augean Plc
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10/05AUGEAN : Samson Rock Capital LLP - Form 8.3 - Augean Plc
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10/04AUGEAN : Recommends Sweetened Eleia Takeover Offer To Shareholders
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10/01AUGEAN : Samson Rock Capital LLP - Form 8.3 - Augean Plc
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09/29Morrisons takeover battle will go to UK auction on Oct. 2
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09/28AUGEAN : Samson Rock Capital LLP - Form 8.3 - Augean Plc
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09/24AUGEAN : Samson Rock Capital LLP - Form 8.3 - Augean Plc
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09/24MAITLAND INSTITUTIONAL SERVICES LIMI : Re Augean plc
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09/23FORM 8.3 - MAITLAND INSTITUTIONAL SE : Augean plc
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Financials
Sales 2021 95,0 M 131 M 131 M
Net income 2021 17,7 M 24,3 M 24,3 M
Net cash 2021 16,2 M 22,2 M 22,2 M
P/E ratio 2021 22,0x
Yield 2021 1,70%
Capitalization 389 M 536 M 535 M
EV / Sales 2021 3,93x
EV / Sales 2022 3,48x
Nbr of Employees 316
Free-Float 87,0%
Chart AUGEAN PLC
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Augean plc Technical Analysis Chart | AUG | GB00B02H2F76 | MarketScreener
Technical analysis trends AUGEAN PLC
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 371,00 GBX
Average target price 331,00 GBX
Spread / Average Target -10,8%
EPS Revisions
Managers and Directors
Mark Rupert Maxwell Fryer Group Finance Director & Executive Director
James Robert Meredith Executive Chairman
John Hugo Rauch Group Chief Operating Officer & Director
John Albert Martin Grant Independent Non-Executive Director
Roger Steven McDowell Non-Executive Director
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