Mitie to be bought by OCS Group in £3.1 billion takeover

Outsourcing giant Mitie is to be acquired by rival OCS Group in a £3.1 billion deal, marking it as the latest UK-listed firm to exit the stock market. Mitie, which provides services including security and cleaning for both public and private sectors, said that it had accepted the offer. Under the terms, shareholders will receive up to 221.6p per share, a package of cash and dividends. This represents a premium of almost 45 per cent on Mitie's closing share price of 151p recorded on Monday.Mitie said the deal, provided a final dividend is paid to shareholders in full, values its share capital at around £3.1 billion.Each Mitie shareholder will receive up to 221.6p per share, comprised of cash and dividendsThe company said it had agreed to be bought by another UK-based business in a bid to ac