Takeover of Claimar Care Group plc

Takeover of Claimar Care Group plc

Registered Social Landlord and registered charity Housing 21 made an agreed all-cash offer for Claimar of 39p per share, valuing Claimar at £20m.

Claimar is one of the UK’s leading providers of domiciliary care services. The price represented a premium of 233% over the average share price in the 12 months prior to the offer Nick Winks had joined the Claimar board as a non-executive director in April 2009 and will resign on completion of the takeover together with the other NED’s.

Nick Winks commented “The bid followed a strategic review in which we focussed on finding the best home for Claimar Care. Housing 21 represents the right fit for our business, offering an excellent choice of care and support for older people. The all cash offer represented an outstanding outcome for Claimar’s institutional shareholders and debt providers”.

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