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back to article Capita gets green light to acquire Xchanging

The powers that be at LSE-listed BPO and software provider Xchanging have accepted a formal 160 pence per share bid from Capita, despite it being lower than one from a private equity player. Last week, Xchanging confirmed it had received approaches from the Brit outsourcing giant and a 170 pence per share offer from Apollo …

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  1. M7S

    Is accepting the lower offer not a failure of the directors...

    ...to obtain the best value for shareholders? I thought this was a legal duty on their part, unless there are other unreported elements in at least one of the offers.

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    1. Gordon 10
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      Re: Is accepting the lower offer not a failure of the directors...

      Agreed if I was a shareholder I'd want to have a very close comparison of the 2 offers, especially in the region of senior management bonuses and pay.

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