June 28, 2019 / 6:49 AM / 5 months ago

BUZZ-Merlin Entertainments: Seen rising as co to be sold for nearly 6 bln stg

** Madame Tussauds owner Merlin Entertainments Plc seen rising 15%, according to premarket indicators, after co set to be bought out in deal valuing co and its debt at nearly 6 bln stg ($7.60 billion)

** Co to be acquired by the investment vehicle of Lego’s founding family and private equity firm Blackstone Group LP & Canadian pension fund CPPIB

** Deal values Merlin at 455 pence/shr, a premium of 36.8% to MERL’s close on May 22

** MERL’s shareholder ValueAct had published a letter on May 23 urging the company to go private

** Shares up 24.4% YTD ($1 = 0.7895 pounds) (Reporting by Tanishaa Nadkar in Bengaluru)

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