Lone Star takeover of McCarthy & Stone to complete today

By Joey Gardiner2021-01-29T00:57:00

US private equity firm’s £647m buyout will now take effect after yesterday’s court order

Retirement housebuilder McCarthy & Stone is to be taken over by US private equity group Lone Star at the end of today after the £647m bid received its final legal approval.

Yesterday’s official court order sanctioning the takeover represented the final legal hurdle facing Lone Star’s bid. It will see McCarthy & Stone delisted from the stock exchange at the end of today.

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