AA accepts take-over offer from private equity firms
Motoring group the AA has confirmed it reached an agreement on the terms of recommended cash acquisition under which Towerbrook Capital Partners and Warburg Pincus International will acquire the business.
Towerbrook and Warburg Pincus formed a newly incorporated entity Basing Bidco, which will own the AA following the acquisition.
Under the terms of the acquisition, AA shareholders will receive 35p
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