Lone Star wins shareholder approval for McStone takeover

Dec. 8, 2020
Shareholders have approved Lone Star’s acquisition of retirement housebuilder McCarthy & Stone, announced in late October. Just under 80% of McCarthy & Stone’s shareholders voted for the global investment firm’s cash offer at 120p per share, up from the 115p bid originally announced. This values McStone at around £647 million. Lone Star’s takeover of the retirement giant will be undertaken …

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