Natara Global has raised its recommended cash offer for Treatt (LSE:TET) to 290 pence per share, up 12% from its earlier proposal of 260 pence.
The updated bid, described by Natara as final, values Treatt at around £174 million and represents a 29% premium over the company’s unaffected share price of 224 pence.
Under this new valuation, the enterprise value to EBITDA multiple stands at 11.1x, based on projected 2026 EBITDA of £15.7 million.
Natara emphasized that no further increases are planned unless a rival offer emerges or the Takeover Panel grants permission under exceptional circumstances.
The Treatt Board has judged the revised terms to be fair and reasonable and will unanimously recommend that shareholders accept the offer.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Leave a Reply