Atlas Holdings to acquire De La Rue via Scheme of Arrangement

LONDON - De La Rue (LON:DLAR) plc, a British banknote manufacturer, is set to be acquired by ACR Bidco Limited, a subsidiary of investment firm Atlas Holdings LLC, through a court-sanctioned scheme of arrangement, as announced on Friday. The acquisition, agreed on April 15, 2025, involves an all-cash transaction for De La Rue’s issued and to-be-issued ordinary share capital.

The detailed terms and conditions of the acquisition are outlined in a Scheme Document published on De La Rue’s website. Shareholders of De La Rue are expected to vote on the proposal at meetings scheduled for June 3, 2025. The document provides instructions for shareholders on how to vote via proxy or in person, with a deadline for proxy submissions set for May 30, 2025.

The De La Rue Directors, with financial advice from Deutsche Numis, have unanimously recommended that shareholders approve the scheme. The directors, holding approximately 0.35% of De La Rue’s shares as of May 6, 2025, have irrevocably committed to voting in favor of the acquisition.

The successful completion of the acquisition is contingent upon the approval of De La Rue’s shareholders and the satisfaction of other conditions specified in the Scheme Document, including court approval. The acquisition is anticipated to be finalized on July 2, 2025.

A shareholder helpline has been established to assist with inquiries regarding the Scheme Document, the upcoming meetings, or the proxy forms. Shareholders are advised to read the Scheme Document thoroughly before making any decisions regarding the scheme.

This news is based on a press release statement and provides shareholders and the market with the latest developments in the proposed acquisition of De La Rue by Atlas Holdings’ subsidiary, ACR Bidco Limited.

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