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Company News

BUZZ-Merlin Entertainments: Set for best day ever after co's nearly 6 bln stg buyout

(Adds share movement, milestone)

** Shares of Madame Tussauds owner Merlin Entertainments Plc surge 14.2% to 451 pence, their highest since Oct 16, 2017, after co set to be bought out in deal valuing co and its debt at nearly 6 bln stg ($7.60 billion)

** Stock posts record intraday pct gain

** Stock top gainer on midcap index

** 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 42% YTD ($1 = 0.7895 pounds) (Reporting by Tanishaa Nadkar in Bengaluru)

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