Peel's bid vehicle now owns or has acceptances for more than 75% of Harworth Group's shares under its unconditional 187p-a-share cash offer, and intends to delist the company and re-register it as a private company, Harworth said on 14 October.
Market context
The bid moved from hostile to mandatory and then to recommended over the summer, illustrating how a large existing holder can force the pace in UK public M&A.
