# Elis SA proposes combination with Berendsen plc

Elis SA announced a revised cash-and-share proposal to acquire Berendsen plc, valuing each Berendsen share at £11.73 and implying a total equity value. The proposal has been rejected by Berendsen's board.

- Type: Acquisition
- Announced: 2017-05-18
- Where: United Kingdom
- Value: $2.80B (2.20B GBP)
- Status: announced
- Products: textile and facility services
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Elis](https://endata.com/companies/20935.md) (acquirer)
- [Berendsen plc](https://endata.com/companies/24348.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/05/18/987587/0/en/elis-sa-proposes-a-combination-with-berendsen-plc-to-create-a-strong-pan-european-leader-in-textile-and-facility-services.html), 2017-05-18: "Elis SA today announces that it has made a revised proposal to Berendsen plc to combine the two companies"
- [globenewswire.com](https://www.globenewswire.com/news-release/2017/05/18/987587/0/en/Elis-SA-proposes-a-combination-with-Berendsen-plc-to-create-a-strong-Pan-European-leader-in-textile-and-facility-services.html), 2017-05-18: "Elis SA today announces that it has made a revised proposal to Berendsen plc to combine the two companies"
- [laundryandcleaningnews.com](https://www.laundryandcleaningnews.com/news/elis-agrees-in-principle-to-buy-berendsen-5838708/), 2017-06-09: "The Boards of Elis and Berendsen are pleased to announce that they have reached agreement in principle on the key terms of a possible recommended offer to be made by Elis for Berendsen."
- [finance.yahoo.com](https://finance.yahoo.com/news/recommended-acquisition-berendsen-plc-elis-060202111.html), 2017-06-12: "The boards of Elis SA and Berendsen plc are pleased to announce that they have reached agreement on the terms of a recommended acquisition by Elis of the entire issued and to be issued share capital of Berendsen."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.