In a stock exchange notice, the trust said it had reached an agreement with Arizona Bidco, a wholly-owned subsidiary of Averon Park, to acquire the entire ordinary shared capital of the trust that it does not already own for 97p per share in cash. The offer represents a premium of around 32.8% to the closing price of 73p per share on Tuesday (28 May), and a discount of approximately 5.1% to the unaudited net asset value of the trust of 102.2p per share, as at 31 March. Arizona Bidco is a newly-incorporated special purpose vehicle established by Blackmead, which owns 29.6% of FSF's i...
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