UK buyout firm Candover has won the battle to acquire oilfield services company Expro International after a London High Court judge rejected calls for a delay of the process to allow more time to consider a counter offer from trade rival Halliburton.
The approval of the deal, which has already been the subject of two adjournments this week, was cleared yesterday by judge Mr. Justice David Richards. He approved the scheme of arrangement which clears the way for the Umbrellastream, a Candover-led consortium, to carry out a £1.81bn (â¬2.3bn) takeover, at a share price offer of £16.15.
