March 3, 2020 / 7:54 AM / a month ago

U.S. private equity firm to buy Huntsworth for $511 mln

March 3 (Reuters) - British advertising and marketing company Huntsworth has agreed to be bought by U.S.-based private equity firm Clayton, Dubilier & Rice for about 400 million pounds ($511 million), the companies said on Tuesday.

Shareholders of Huntsworth, which owns public relations firm Citigate, will receive 108 pence per share in cash, representing a 50% premium to the stock’s Monday closing price.

$1 = 0.7822 pounds Reporting by Yadarisa Shabong in Bengaluru; Editing by Sriraj Kalluvila

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