OCS strikes £3.1bn deal to buy Mitie

Facilities management giant OCS has agreed a recommended £3.1bn cash takeover of rival Mitie to create one of the UK’s biggest outsourced services groups with combined annual revenues of around £8.5bn.
Under the terms of the deal, Mitie shareholders will receive 218.5p a share in cash and retain the planned 3.1p final dividend, valuing the offer at up to 221.6p a share.
The bid represents a 47% premium to Mitie’s closing share price on Monday and values the business at &p