Rosebank Industries (LSE:ROSE) said it is in advanced negotiations to purchase two U.S.-based companies currently owned by private equity firms, in a deal that carries a headline enterprise value of roughly $3.05 billion.
The company’s shares declined 2.5% following the announcement.
According to a company statement, the proposed acquisition would be financed through a mix of new borrowing facilities and an equity raise of approximately £1.9 billion.
Rosebank did not disclose the identities of the businesses involved or provide a timetable for when the transaction might be finalized.
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