UK care homes group NHP has recommended US buy-out firm Blackstone's take-private offer that values the company at more than £1.1bn (€1.6bn).

Blackstone has agreed to pay £563.5m at 260p per share to NHP's owners. The share price is a 12% premium to the firm's value at 14 September, the day before shares were suspended under the offer rules.

James Mawson

Deutsche Bank

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Blackstone clinches NHP care homes group

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