Company
Shawbrook Group PLC
LON:SHAW
Shawbrook is a specialist UK lending and savings bank founded in 2011 to serve the needs of SMEs and individuals in the UK with a range of lending and saving products. It floated in London in 2015 and was taken private in 2017 by private equity firms BC Partners and Pollen Street Capital.
15 stories
Shawbrook set to go private as bidders get late rush of acceptances
Marlin Bidco had said it intends to de-list the bank if itss take went above 75%
Shawbrook faces hostile takeover as private equity firms buy up more shares to back offer
Shawbrook has said independent directors have advised shareholders to take no action on a takeover bid by BC Partners and Pollen Street Capital,
Shawbrook directors advise shareholders against hostile bid from private equity firms
Pollen Street Capital and BC Partners raised their offer by £26mln to £868mln for Shawbrook in a final attempt to convince shareholders to accept the deal
Challenger bank Shawbrook rejects third takeover bid by private equity firms
Shawbrook Group has turned down a third attempt by a consortium of private equity firms to buy the challenger bank
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Challenger bank Shawbrook rejects bid approach from private equity consortium, posts rise in 2016 profits
Following further discussions, the lender said it concluded that it is not willing to recommend the consortium's proposal, which has therefore been rejected by its board.
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Discount rate change has probably put paid to hopes for special divi from Direct Line
Before the Lord Chancellor stuck her oar in, Direct Line had hinted another special divi might be unveiled at the time of the full-year results
Shawbrook extends gains after Friday's 330p-a-share bid approach; Liberum looks for at least 350p
Shawbrook shares jumped 18% higher on Friday after revealing that Pollen Street Capital together with BC Partners have offered shareholders 330p per share in cash.
Challenger bank Shawbrook soars as loans rise 23%
The Property Finance division achieved record levels of new loans