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Van Elle agreed to be acquired by Strabag for £58.8 million.
Van Elle shares rose 3% on Wednesday, closing at GBX 34, as the UK geotechnical contractor agreed to be acquired by Strabag for £58.8 million, or 52.3p per share.
The deal, unanimously approved by Van Elle's board, is a 58.5% premium and requires shareholder approval to complete by June 2026.
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Van Elle accedió a ser adquirida por Strabag por £ 58.8 millones.