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Serco Scraps $2B SRA Offer
Evonik Industries may raise about €1 billion from the sale of its carbon black business.
Outsourcing group,Serco, has dropped its bid for the takeover of U.S. security, defense and health services company,SRA International,金融时报》reports. Serco’s $2 billion offer was earlier rejected by SRA.
Serco had planned a $800.3 million rights issue, underwritten byUBSandBank of America Merrill Lynch, to finance the bid.UBSwas acting as the advisor to Serco on the SRA sale.
Click here for the story from金融时报》.Click here for the additional coverage fromThe Telegraph.