Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Mears takeover offer for Supporta becomes unconditional

Mears Group announced today that its offer for Supporta has become unconditional after the acceptance condition by Mears was lowered from 90 per cent to 50 per cent.

Mears had previously announced on 13 January that it received 58 per cent support for its takeover after shareholders representing just over 50 million Supporta stock accepted the offer.

The offer becoming unconditional means Supporta shares are obliged to accept the offer.

Services provider Mears is taking over Supporta to extend its care business.

Allied Healthcare had threatened to launch a rival bid, but pulled out last week.