Lone Star deal for McCarthy & Stone set to complete

Meadowsweet Place in Wiltshire

Trading of McCarthy & Stone shares will be suspended today (Friday) after court approval of its takeover by US private equity firm Lone Star was sanctioned. Approval means the retirement developer will be delisted from the stock exchange enabling the £647m deal to go through. Agreement on the deal was reached in December after the…

Membership Required

You must be a CM Subscriber to view this content.

Subscribe Now »

Already have an account?