April 2008
Acquisition of ricardo24.de by QXL ricardo/ Squeeze out (£171.2m)
Hauck & Aufhäuser Investment Banking advised QXL Ricardo
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DescriptionAcquisition of ricardo24.de by QXL ricardo/ Squeeze out (£171.2m)
Sector(s) : TMT
Date : April 2008
Advisor(s) : Hauck & Aufhäuser
Advised : Buy Side
Mid-Capital partner Hauck & Aufhäuser Investment Banking advised QXL Ricardo
Hauck & Aufhäuser Investment Banking acted as financial adviser to QXL Ricardo by the acquisition of Ricardo 24.
Under the terms of the deal, QXL will offer all ricardo shareholders 34 QXL ordinary shares for each ricardo share, representing a total deal value of approx. £171.2m based on QXL's 59p closing price on the London Stock Exchange.
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