Wyko confirms pounds 92m buyout talks
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.WYKO, the UK-based industrial distribution and engineering group, confirmed yesterday it was in talks over a possible management buyout at 129p a share. The deal would value the company at pounds 92.2m. In a statement to the stock exchange, Wyko said: "The board of Wyko hopes to make a further announcement in the very near future regarding the group's plans."
The company said in February it was considering a range of future options for the group, including a management buyout, but did not disclose the value of such a deal. It is understood the management team is backed by Royal Bank Development Capital.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments