By Ian Walker
Kin & Carta shares rose 9.9% after the company said that it has agreed to an improved and final 220.3 million pound ($276.7 million) takeover by Kelvin UK Bidco, a new company indirectly owned by Apax Partners funds.
Shares at 0859 GMT were up 9.60 pence at 79.30 pence.
The London-listed digital-transformation consultancy company said Thursday that accepting shareholders will get 120 pence in cash for each share held, up from 110 pence which was agreed on Oct. 18.
The new offer price is a 54% premium to the company’s closing price of 78 pence on Oct. 17.
Write to Ian Walker at ian.walker@wsj.com
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