Engineer TClarke set to join London stock market exodus after backing £90m takeover deal
By Daily Mail City & Finance Reporter
Updated:
Deal: TClarke has received a 160p-per-share offer from Regent Acquisitions
A 135-YEAR-OLD building site contractor is the latest to join the exodus from London’s stock market after backing a £90m takeover deal.
T Clarke, which was founded in 1889, has received a 160p-per-share offer from Regent Acquisitions.
The firm’s directors recommended the deal and slammed the London market for consistently undervaluing the business. T Clarke, which delivers electrical and mechanical services, employs over 1,000 staff in the UK and made revenues of £491m and profits of £9.4m in 2023.
Based in west London, Regent supplies gas and metering services to industrial and commercial customers across the UK. Its boss, Deep Valecha, said: ‘I am excited by the opportunities this new chapter present for T Clarke.’
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Engineer TClarke set to join London stock market exodus after backing £90m takeover deal
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