Two months after putting itself up for sale, Quercus has found a buyer in Hodder & Stoughton, which has made an all-cash offer of £12.6 million for the publisher. Under the terms of the deal, which is expected to close at the end of April and be finalized by the end of June, Quercus shareholders will be entitled to receive 60p per Quercus share, while Hodder has received “irrevocable undertakings from Quercus shareholders” for a total of 13,492,311 shares, or 65.67 percent of existing share capital. The offer represents a 144.9 per cent markup on the 24.5 share price of […]
