Mitie Group's Board Agrees to Terms of Takeover Offer by OCS

02:48 AM EDT, 07/21/2026 (MT Newswires) -- British facilities management company Mitie Group's (MTO.L) board agreed to the terms of a recommended takeover offer from OCS Group, according to a Tuesday release. OCS will pay 2.185 pounds sterling in cash for each Mitie share, while shareholders may also receive and retain a final dividend of up to 0.031 pound per share, valuing Mitie's entire issued and to be issued share capital at 3.1 billion pounds on a fully diluted basis if the dividend is declared and paid in full. The transaction will be implemented through a Scottish court-sanctioned scheme of arrangement and is expected to close during the first quarter of 2027.