Hargreaves Lansdown to be acquired for 1,140p in cash

(Sharecast News) - CVC Private equity funds and Nordic Capital XI Delta GP and Platinum Ivy agreed a deal to purchase Hargreaves Lansdown for a cash consideration of 1,140p per share.

That amount would be comprised of 1,110p per share of Hargreaves together with a 30p per share dividend for the year ending on 30 June.

The acquisition price valued the firm's share capital at about £5.4bn, for a 54.1% premium to the share price on 11 April, the day before the initial buyout approach.

Hargreaves's shareholders could also choose to take part in the alternative offer, which would see them eventually receive shares in the new company, instead of cash.

The terms of CVC and Capital XI's offer were now final, unless a rival bid for Hargreaves Lansdown were to be announced.