BUZZ-London-listed BBGI surges on its acquisition by BCI in $1.32 billion deal
ReutersFeb 6, 2025 8:25 AM
Shares of BBGI Global Infrastructure S.A. BBGIB.L surge as much as 19.9% to 146p, their highest since June 2023
Stock top gainer on FTSE 250 .FTMC index
Canada's British Columbia Investment Management Corp will buy the Luxembourg-based investment firm in a deal valuing the company at 1.06 billion pounds ($1.32 billion), the companies said
BBGI shareholders will get 147.5p-per-share in cash, a premium of 21% to the stock's closing price on Wednesday
Stock had fallen 12% in 2024
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