- Home
- About Us
- Corporate Responsibility
- Customer Access
- Legislation
- Publications
- Press & Newsroom
- Jobs
- Links
- Contact Us
Biffa Press Office
Tel: 020 8789 9651
Press & Newsroom
Biffa Plc Acquisition Update
25th February 2008
BIFFA PLCACQUISITION UPDATE
On 8 February 2008, the board of directors of Biffa Plc "Biffa") and WasteAcquisitionco Limited ("Bidco") announced that they had agreed the terms of a recommended acquisition by Bidco of Biffa.
The board of directors of Biffa (the "Biffa Board") announced at the same time that it had been approached by third parties regarding their potential interest in making an offer for Biffa and that such third parties had been given access to the same due diligence information as Montagu Private Equity and Global Infrastructure Partners (who together with Uberior Co-Investments Limited control Bidco).
The Biffa Board has now been informed by those third parties that they are no longer working towards making a competing offer for Biffa. As a consequence, the Biffa Board is now not aware of any third parties who are working towards making such a competing offer.
Accordingly, the Biffa Board reiterates its unanimous recommendation that shareholders vote in favour of the resolutions, concerning the proposed acquisition by Bidco and related scheme of arrangement, to be proposed at the extraordinary general meeting ("EGM") of Biffa and the meeting of shareholders arranged by the court ("Court Meeting") respectively.
Both the EGM and the Court Meeting will be held at Chartered Accountants' Hall, One Moorgate Place, London EC2R 6EA from 11.00 a.m. on 12 March 2008.
Biffa Limited is incorporated and registered in England and Wales, Registered Number: 4081901, Registered Office: Coronation Road, Cressex, High Wycombe, Buckinghamshire HP12 3TZ
