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US firm in £263m takeover bid for Bank of England banknote printer

Board has recommended all-cash deal with Altas Holdings, but Edi Truell may be considering a higher offerA bidding war could be heating up for De La Rue, the 200-year-old British firm that prints banknotes for the Bank of England, after its board recommended an all-cash offer from the US buyout firm Atlas Holdings.De La Rue’s shares climbed by as much as 16% on Tuesday morning after the company released a statement to investors saying that its board had recommended shareholders accept Atlas’s offer of 130p a share, which valued the company at £263m. Continue reading...

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