Senior stock price soars due to multiple acquisition proposals

LootboxPhobia · 2026-02-27T11:53:35+00:00

Senior PLC stock price rises 19% as the company receives multiple all-cash acquisition proposals and delays its stock buyback plan. The board has appointed a consulting firm during discussions and is in talks with potential acquirers, but it is uncertain whether a formal offer will be made.

LootboxPhobia

2026-02-27 11:53:35

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Investing.com - Senior PLC (LON:SNR) stock surged 19% on Friday after the company disclosed that it had received multiple acquisition proposals and delayed its original share buyback plan.

The aerospace and automotive parts manufacturer confirmed that, following discussions initiated by its board, it had received two more attractive all-cash proposals from potential buyers.

The company initially received a preliminary proposal on January 14, which the board unanimously rejected, believing it fundamentally undervalued the company and its future prospects. The same party subsequently submitted two higher proposals in February, with the second proposal being explicitly rejected.

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After receiving these proposals, the board appointed Lazard and Jefferies to engage with a limited number of third parties regarding the possible acquisition of all issued and to-be-issued shares of Senior.

The company has now confirmed that it received two additional all-cash proposals from other potential buyers, stating these are superior to earlier offers. Discussions with potential buyers are ongoing.

Due to ongoing discussions and regulatory obligations, the board has postponed the £40 million buyback plan originally scheduled to commence after the full-year results. The board said it will continue to review the situation.

Senior is currently in the “offer period” as defined by the UK Takeover Code. The Executive Committee of the panel has approved certain exemptions from the code’s requirements, meaning the company is not required to identify any potential acquirers unless specifically mentioned in rumors or speculation.

The company stated that it cannot determine whether an offer will be made, nor can it predict the terms of any potential offer. This announcement was made without the consent of any potential acquirers.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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