Atlas Holdings to buy banknote printer De La Rue for $347 million

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Atlas Holdings to buy banknote printer De La Rue for $347 million

, Reuters - 2:21 AM ET 4/15/2025 mergers-and-acquisitions

April 15 (Reuters) - U.S. private equity firm Atlas Holdings will buy British banknote printer De La Rue ( DELRF ) for 263 million pounds ($347.1 million), the companies said on Tuesday.

The 130 pence per share all-cash deal was at a 16% premium to De La Rue's ( DELRF ) closing price on Monday, and has been recommended by the company's board as "fair and reasonable".

De La Rue ( DELRF ), which printed the new King Charles' currency notes in the UK, received a 125 pence a share takeover proposal from a consortium of British financier Edi Truell's companies in January, and launched a formal sale process a few weeks later.

($1 = 0.7577 pounds) (Reporting by Shashwat Awasthi and Raechel Thankam Job in Bengaluru; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)

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