UPDATE 1-OCS Group to buy Mitie for $4.17 billion

Adds details on the deal from paragraph 2

July 21 (Reuters) - British outsourcer Mitie MTO.L has agreed to be acquired by rival OCS Group International for a total value of £3.1 billion ($4.17 billion), the companies said on Tuesday.

OCS, owned by Clayton, Dubilier & Rice since 2022, will pay 218.5 pence per Mitie share in cash plus a 3.1 pence dividend under the deal.

The acquisition is expected to complete in the first quarter of 2027 and will see Mitie, which provides security, cleaning and engineering services, delisted from the London Stock Exchange.

($1 = 0.7439 pounds)


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