Takeovers go ahead _2

Whitehead Mann and SHL off the stock market

Two takeover deals in the recruitment sector have been declared “unconditional” meaning they will definitely go ahead.

Headhunter firm Whitehead Mann is being taken over in a £25.7m “management buy-in”.  Palladian Investments says it has acceptances from more than 74% of shareholders, and controls enough of the others to take it over the 75% threshold. 

Psychometric testing firm SHL is the subject of a £100m management buy-out.  Surrey 4 Limited has received acceptances accounting for more than 92% of SHL shares.

Both companies will delist from the London Stock Exchange in the next few weeks.

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