Poundland strikes £55m deal with 99p Stores as retailer looks to corner the value market by gaining 251 more shops
February 12, 2015 at 12:21 PM
1 minute read
The original version of this story was published on Legalweek
Freshfields Bruckhaus Deringer, Shoosmiths and Mills & Reeve have all picked up mandates on Poundland Group’s planned £55m acquisition of fellow discount chain 99p Stores.
The conditional agreement struck late last week comprises a cash consideration of £47.5m and the issue of new Poundland shares with a value of £7.5m.
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