HomeServe surges as Brookfield said to near takeover deal

by | May 11, 2022

HomeServe shares shot higher on Wednesday following a report that Brookfield Asset Management is nearing a takeover of the household repairs provider.
According to Bloomberg, the deal is set to value HomeServe at about $5bn and would be one of the UK’s largest take-private transactions this year.

It was understood that Brookfield is hammering out final terms of a transaction and could reach an agreement in the coming days.

At 1105 BST, the shares were up 13% at 1,100p.

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