Merlin Entertainments, which floated at 315p in 2013, recommended that investors accept the 455p-a-share cash offer. It values the world’s second biggest attractions operator at £4.77 billion, or £5.9 billion including debt. Kirkbi, the investment vehicle of the Kirk Kristiansen family, which owns the Lego brand, has had a 29.5 per cent stake in the theme park operator since the sale of Legoland Parks to Merlin in 2005. Its stake will rise to 50 per cent after the deal. The other members of the consortium are the private equity group Blackstone…

Source: The Times June 28, 2019 08:03 UTC