Spice to consider Cinven Proposal

Simon Rigby

The founder and former chief executive officer Simon Rigby of Spice expressed that an enhanced possible proposal from the private equity firm Cinven Ltd. Is a good deal towards the inclination point of view and must be considered by the board.

The U. K.'s biggest reader of water meters which is the board of Spice acclaimed today that the offer of 62 to 65 pence a share underestimate the company and it has not commenced the deal and went into the talks with Cinven group.

However the new perspective might value Spice at around 218 million pounds and 229 million pounds.