Rentokil to Buy Terminix in $6.7 Billion Pest-Control Deal

Bloomberg2021-12-14

(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S., the world’s largest pest-control market. The stock-and-cash transaction values the company at $...

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Rentokil plans to pay 20% of the overall purchase price in stock.\nOverseas Deals\nThe transaction marks a rare overseas deal for a U.K. company at a time when investors have been discouraging London-listed firms from making bold acquisitions. Among the few such deals to be announced this year are Entain Plc’s takeover of Swedish online gambling company Enlabs AB and Anglo-Australian miner BHP Group’s bid for Canadian nickel explorer Noront Resources Ltd.\nTerminix shares have declined 27% this year.\nRentokil garners about 60% of its revenue from pest control and most of the 228 businesses it has acquired since 2016 were in that field. The market for pest eradication continues to grow, fueled by population growth, urbanization and climate change, according to the company.\nTerminix said last month that it’s struggling with higher costs due to tight labor markets and medical expenses brought on by Covid-19, although profit margins are still growing. 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Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/607914018","repostId":1162948942,"repostType":4,"repost":{"id":"1162948942","kind":"news","pubTimestamp":1639472723,"share":"https://www.laohu8.com/m/news/1162948942?lang=zh_CN&edition=full","pubTime":"2021-12-14 17:05","market":"us","language":"en","title":"Rentokil to Buy Terminix in $6.7 Billion Pest-Control Deal<blockquote>能多洁将以67亿美元的害虫防治交易收购Terminix</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162948942","media":"Bloomberg","summary":"(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S","content":"<p>(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S., the world’s largest pest-control market.</p><p><blockquote>（彭博）——Rentokil Initial Plc同意收购Terminix Global Holdings Inc.，以在全球最大的害虫控制市场美国扩张。</blockquote></p><p> The stock-and-cash transaction values the company at $6.7 billion with an implied price of $55 per share, according to a statement. That’s a premium of 47% over Terminix’s last close. Both boards backed the deal, which ranks as Rentokil’s largest-ever acquisition.</p><p><blockquote>根据一份声明，此次股票加现金交易对该公司的估值为67亿美元，隐含价格为每股55美元。这比Terminix上次收盘价溢价47%。两个董事会都支持这笔交易，这是能多洁有史以来最大的收购。</blockquote></p><p> Terminix, which eliminates pests ranging from rats and cockroaches to scorpions, is among the most recognized U.S. brands in termite services. The transaction will allow Rentokil to increase scale as well as cut costs, and will start boosting earnings one year after completion, the companies said.</p><p><blockquote>Terminix可以消灭从老鼠、蟑螂到蝎子等害虫，是美国白蚁服务领域最受认可的品牌之一。两家公司表示，此次交易将使能多洁扩大规模并削减成本，并将在完成一年后开始提高盈利。</blockquote></p><p> Rentokil shares rose as much as 6% in London trading, before paring those gains. Under the terms of the agreement, the U.K. buyer will issue about 643 million new shares, including American depositary ones.</p><p><blockquote>能多洁股价在伦敦交易中上涨6%，随后回吐涨幅。根据协议条款，英国买家将发行约6.43亿股新股，其中包括美国存托股票。</blockquote></p><p> Terminix shareholders will own about 26% of the enlarged company, which will trade on the London Stock Exchange and New York Stock Exchange. They can elect to receive cash or shares in the transaction. Rentokil plans to pay 20% of the overall purchase price in stock.</p><p><blockquote>Terminix股东将拥有扩大后公司约26%的股份，该公司将在伦敦证券交易所和纽约证券交易所交易。他们可以选择在交易中接受现金或股票。能多洁计划支付股票总收购价格的20%。</blockquote></p><p> Overseas Deals</p><p><blockquote>海外交易</blockquote></p><p> The transaction marks a rare overseas deal for a U.K. company at a time when investors have been discouraging London-listed firms from making bold acquisitions. Among the few such deals to be announced this year are Entain Plc’s takeover of Swedish online gambling company Enlabs AB and Anglo-Australian miner BHP Group’s bid for Canadian nickel explorer Noront Resources Ltd.</p><p><blockquote>在投资者一直不鼓励伦敦上市公司进行大胆收购之际，这笔交易标志着英国公司罕见的海外交易。今年宣布的少数此类交易包括Entain Plc收购瑞典在线赌博公司Enlabs AB，以及英澳矿业公司必和必拓集团收购加拿大镍勘探公司Noront Resources Ltd。</blockquote></p><p> Terminix shares have declined 27% this year.</p><p><blockquote>Terminix股价今年已下跌27%。</blockquote></p><p> Rentokil garners about 60% of its revenue from pest control and most of the 228 businesses it has acquired since 2016 were in that field. The market for pest eradication continues to grow, fueled by population growth, urbanization and climate change, according to the company.</p><p><blockquote>能多洁约60%的收入来自害虫防治，自2016年以来收购的228家企业中大部分都在该领域。该公司表示，在人口增长、城市化和气候变化的推动下，害虫根除市场持续增长。</blockquote></p><p> Terminix said last month that it’s struggling with higher costs due to tight labor markets and medical expenses brought on by Covid-19, although profit margins are still growing. In another pandemic ripple, demand for bed-bug control picked up last quarter as people resumed travel.</p><p><blockquote>Terminix上个月表示，尽管利润率仍在增长，但由于劳动力市场紧张和Covid-19带来的医疗费用，该公司正在努力应对成本上升的问题。在另一场大流行中，随着人们恢复旅行，上个季度对臭虫控制的需求有所增加。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rentokil to Buy Terminix in $6.7 Billion Pest-Control Deal<blockquote>能多洁将以67亿美元的害虫防治交易收购Terminix</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRentokil to Buy Terminix in $6.7 Billion Pest-Control Deal<blockquote>能多洁将以67亿美元的害虫防治交易收购Terminix</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-12-14 17:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S., the world’s largest pest-control market.</p><p><blockquote>（彭博）——Rentokil Initial Plc同意收购Terminix Global Holdings Inc.，以在全球最大的害虫控制市场美国扩张。</blockquote></p><p> The stock-and-cash transaction values the company at $6.7 billion with an implied price of $55 per share, according to a statement. That’s a premium of 47% over Terminix’s last close. Both boards backed the deal, which ranks as Rentokil’s largest-ever acquisition.</p><p><blockquote>根据一份声明，此次股票加现金交易对该公司的估值为67亿美元，隐含价格为每股55美元。这比Terminix上次收盘价溢价47%。两个董事会都支持这笔交易，这是能多洁有史以来最大的收购。</blockquote></p><p> Terminix, which eliminates pests ranging from rats and cockroaches to scorpions, is among the most recognized U.S. brands in termite services. The transaction will allow Rentokil to increase scale as well as cut costs, and will start boosting earnings one year after completion, the companies said.</p><p><blockquote>Terminix可以消灭从老鼠、蟑螂到蝎子等害虫，是美国白蚁服务领域最受认可的品牌之一。两家公司表示，此次交易将使能多洁扩大规模并削减成本，并将在完成一年后开始提高盈利。</blockquote></p><p> Rentokil shares rose as much as 6% in London trading, before paring those gains. Under the terms of the agreement, the U.K. buyer will issue about 643 million new shares, including American depositary ones.</p><p><blockquote>能多洁股价在伦敦交易中上涨6%，随后回吐涨幅。根据协议条款，英国买家将发行约6.43亿股新股，其中包括美国存托股票。</blockquote></p><p> Terminix shareholders will own about 26% of the enlarged company, which will trade on the London Stock Exchange and New York Stock Exchange. They can elect to receive cash or shares in the transaction. Rentokil plans to pay 20% of the overall purchase price in stock.</p><p><blockquote>Terminix股东将拥有扩大后公司约26%的股份，该公司将在伦敦证券交易所和纽约证券交易所交易。他们可以选择在交易中接受现金或股票。能多洁计划支付股票总收购价格的20%。</blockquote></p><p> Overseas Deals</p><p><blockquote>海外交易</blockquote></p><p> The transaction marks a rare overseas deal for a U.K. company at a time when investors have been discouraging London-listed firms from making bold acquisitions. Among the few such deals to be announced this year are Entain Plc’s takeover of Swedish online gambling company Enlabs AB and Anglo-Australian miner BHP Group’s bid for Canadian nickel explorer Noront Resources Ltd.</p><p><blockquote>在投资者一直不鼓励伦敦上市公司进行大胆收购之际，这笔交易标志着英国公司罕见的海外交易。今年宣布的少数此类交易包括Entain Plc收购瑞典在线赌博公司Enlabs AB，以及英澳矿业公司必和必拓集团收购加拿大镍勘探公司Noront Resources Ltd。</blockquote></p><p> Terminix shares have declined 27% this year.</p><p><blockquote>Terminix股价今年已下跌27%。</blockquote></p><p> Rentokil garners about 60% of its revenue from pest control and most of the 228 businesses it has acquired since 2016 were in that field. The market for pest eradication continues to grow, fueled by population growth, urbanization and climate change, according to the company.</p><p><blockquote>能多洁约60%的收入来自害虫防治，自2016年以来收购的228家企业中大部分都在该领域。该公司表示，在人口增长、城市化和气候变化的推动下，害虫根除市场持续增长。</blockquote></p><p> Terminix said last month that it’s struggling with higher costs due to tight labor markets and medical expenses brought on by Covid-19, although profit margins are still growing. In another pandemic ripple, demand for bed-bug control picked up last quarter as people resumed travel.</p><p><blockquote>Terminix上个月表示，尽管利润率仍在增长，但由于劳动力市场紧张和Covid-19带来的医疗费用，该公司正在努力应对成本上升的问题。在另一场大流行中，随着人们恢复旅行，上个季度对臭虫控制的需求有所增加。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/rentokil-buy-terminix-6-7-085637844.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TMX":"Terminix Global Holdings Inc"},"source_url":"https://finance.yahoo.com/news/rentokil-buy-terminix-6-7-085637844.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162948942","content_text":"(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S., the world’s largest pest-control market.\nThe stock-and-cash transaction values the company at $6.7 billion with an implied price of $55 per share, according to a statement. That’s a premium of 47% over Terminix’s last close. Both boards backed the deal, which ranks as Rentokil’s largest-ever acquisition.\nTerminix, which eliminates pests ranging from rats and cockroaches to scorpions, is among the most recognized U.S. brands in termite services. The transaction will allow Rentokil to increase scale as well as cut costs, and will start boosting earnings one year after completion, the companies said.\nRentokil shares rose as much as 6% in London trading, before paring those gains. Under the terms of the agreement, the U.K. buyer will issue about 643 million new shares, including American depositary ones.\nTerminix shareholders will own about 26% of the enlarged company, which will trade on the London Stock Exchange and New York Stock Exchange. They can elect to receive cash or shares in the transaction. Rentokil plans to pay 20% of the overall purchase price in stock.\nOverseas Deals\nThe transaction marks a rare overseas deal for a U.K. company at a time when investors have been discouraging London-listed firms from making bold acquisitions. Among the few such deals to be announced this year are Entain Plc’s takeover of Swedish online gambling company Enlabs AB and Anglo-Australian miner BHP Group’s bid for Canadian nickel explorer Noront Resources Ltd.\nTerminix shares have declined 27% this year.\nRentokil garners about 60% of its revenue from pest control and most of the 228 businesses it has acquired since 2016 were in that field. The market for pest eradication continues to grow, fueled by population growth, urbanization and climate change, according to the company.\nTerminix said last month that it’s struggling with higher costs due to tight labor markets and medical expenses brought on by Covid-19, although profit margins are still growing. In another pandemic ripple, demand for bed-bug control picked up last quarter as people resumed travel.","news_type":1,"symbols_score_info":{"TMX":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6977213,"gmtCreate":1639473756478,"gmtModify":1639473756568,"authorId":3582699581134675,"author":{"id":3582699581134675,"idStr":"3582699581134675","authorId":3582699581134675,"name":"lesing","avatar":"https://static.tigerbbs.com/1f3e4e3e54051366c008168e6601510a","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607914018,"type":1,"supId":0,"prevId":0,"content":"b","text":"b","html":"b"},{"id":6977158,"gmtCreate":1639473512153,"gmtModify":1639473512241,"authorId":3573721781255613,"author":{"id":3573721781255613,"idStr":"3573721781255613","authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607914018,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"},{"id":607913210,"gmtCreate":1639472853352,"gmtModify":1639472853665,"author":{"id":"3581832598723204","authorId":"3581832598723204","name":"JayWin","avatar":"https://static.tigerbbs.com/e7fe632cbb77a4bc57ba97f59aeb8162","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3581832598723204","authorIdStr":"3581832598723204"},"htmlText":"Please reply and like, thanks&nbsp;","listText":"Please reply and like, thanks&nbsp;","text":"Please reply and like, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607913210","repostId":1162948942,"repostType":4,"repost":{"id":"1162948942","kind":"news","pubTimestamp":1639472723,"share":"https://www.laohu8.com/m/news/1162948942?lang=zh_CN&edition=full","pubTime":"2021-12-14 17:05","market":"us","language":"en","title":"Rentokil to Buy Terminix in $6.7 Billion Pest-Control Deal<blockquote>能多洁将以67亿美元的害虫防治交易收购Terminix</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162948942","media":"Bloomberg","summary":"(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S","content":"<p>(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S., the world’s largest pest-control market.</p><p><blockquote>（彭博）——Rentokil Initial Plc同意收购Terminix Global Holdings Inc.，以在全球最大的害虫控制市场美国扩张。</blockquote></p><p> The stock-and-cash transaction values the company at $6.7 billion with an implied price of $55 per share, according to a statement. That’s a premium of 47% over Terminix’s last close. Both boards backed the deal, which ranks as Rentokil’s largest-ever acquisition.</p><p><blockquote>根据一份声明，此次股票加现金交易对该公司的估值为67亿美元，隐含价格为每股55美元。这比Terminix上次收盘价溢价47%。两个董事会都支持这笔交易，这是能多洁有史以来最大的收购。</blockquote></p><p> Terminix, which eliminates pests ranging from rats and cockroaches to scorpions, is among the most recognized U.S. brands in termite services. The transaction will allow Rentokil to increase scale as well as cut costs, and will start boosting earnings one year after completion, the companies said.</p><p><blockquote>Terminix可以消灭从老鼠、蟑螂到蝎子等害虫，是美国白蚁服务领域最受认可的品牌之一。两家公司表示，此次交易将使能多洁扩大规模并削减成本，并将在完成一年后开始提高盈利。</blockquote></p><p> Rentokil shares rose as much as 6% in London trading, before paring those gains. Under the terms of the agreement, the U.K. buyer will issue about 643 million new shares, including American depositary ones.</p><p><blockquote>能多洁股价在伦敦交易中上涨6%，随后回吐涨幅。根据协议条款，英国买家将发行约6.43亿股新股，其中包括美国存托股票。</blockquote></p><p> Terminix shareholders will own about 26% of the enlarged company, which will trade on the London Stock Exchange and New York Stock Exchange. They can elect to receive cash or shares in the transaction. Rentokil plans to pay 20% of the overall purchase price in stock.</p><p><blockquote>Terminix股东将拥有扩大后公司约26%的股份，该公司将在伦敦证券交易所和纽约证券交易所交易。他们可以选择在交易中接受现金或股票。能多洁计划支付股票总收购价格的20%。</blockquote></p><p> Overseas Deals</p><p><blockquote>海外交易</blockquote></p><p> The transaction marks a rare overseas deal for a U.K. company at a time when investors have been discouraging London-listed firms from making bold acquisitions. Among the few such deals to be announced this year are Entain Plc’s takeover of Swedish online gambling company Enlabs AB and Anglo-Australian miner BHP Group’s bid for Canadian nickel explorer Noront Resources Ltd.</p><p><blockquote>在投资者一直不鼓励伦敦上市公司进行大胆收购之际，这笔交易标志着英国公司罕见的海外交易。今年宣布的少数此类交易包括Entain Plc收购瑞典在线赌博公司Enlabs AB，以及英澳矿业公司必和必拓集团收购加拿大镍勘探公司Noront Resources Ltd。</blockquote></p><p> Terminix shares have declined 27% this year.</p><p><blockquote>Terminix股价今年已下跌27%。</blockquote></p><p> Rentokil garners about 60% of its revenue from pest control and most of the 228 businesses it has acquired since 2016 were in that field. The market for pest eradication continues to grow, fueled by population growth, urbanization and climate change, according to the company.</p><p><blockquote>能多洁约60%的收入来自害虫防治，自2016年以来收购的228家企业中大部分都在该领域。该公司表示，在人口增长、城市化和气候变化的推动下，害虫根除市场持续增长。</blockquote></p><p> Terminix said last month that it’s struggling with higher costs due to tight labor markets and medical expenses brought on by Covid-19, although profit margins are still growing. In another pandemic ripple, demand for bed-bug control picked up last quarter as people resumed travel.</p><p><blockquote>Terminix上个月表示，尽管利润率仍在增长，但由于劳动力市场紧张和Covid-19带来的医疗费用，该公司正在努力应对成本上升的问题。在另一场大流行中，随着人们恢复旅行，上个季度对臭虫控制的需求有所增加。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rentokil to Buy Terminix in $6.7 Billion Pest-Control Deal<blockquote>能多洁将以67亿美元的害虫防治交易收购Terminix</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRentokil to Buy Terminix in $6.7 Billion Pest-Control Deal<blockquote>能多洁将以67亿美元的害虫防治交易收购Terminix</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-12-14 17:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S., the world’s largest pest-control market.</p><p><blockquote>（彭博）——Rentokil Initial Plc同意收购Terminix Global Holdings Inc.，以在全球最大的害虫控制市场美国扩张。</blockquote></p><p> The stock-and-cash transaction values the company at $6.7 billion with an implied price of $55 per share, according to a statement. That’s a premium of 47% over Terminix’s last close. Both boards backed the deal, which ranks as Rentokil’s largest-ever acquisition.</p><p><blockquote>根据一份声明，此次股票加现金交易对该公司的估值为67亿美元，隐含价格为每股55美元。这比Terminix上次收盘价溢价47%。两个董事会都支持这笔交易，这是能多洁有史以来最大的收购。</blockquote></p><p> Terminix, which eliminates pests ranging from rats and cockroaches to scorpions, is among the most recognized U.S. brands in termite services. The transaction will allow Rentokil to increase scale as well as cut costs, and will start boosting earnings one year after completion, the companies said.</p><p><blockquote>Terminix可以消灭从老鼠、蟑螂到蝎子等害虫，是美国白蚁服务领域最受认可的品牌之一。两家公司表示，此次交易将使能多洁扩大规模并削减成本，并将在完成一年后开始提高盈利。</blockquote></p><p> Rentokil shares rose as much as 6% in London trading, before paring those gains. Under the terms of the agreement, the U.K. buyer will issue about 643 million new shares, including American depositary ones.</p><p><blockquote>能多洁股价在伦敦交易中上涨6%，随后回吐涨幅。根据协议条款，英国买家将发行约6.43亿股新股，其中包括美国存托股票。</blockquote></p><p> Terminix shareholders will own about 26% of the enlarged company, which will trade on the London Stock Exchange and New York Stock Exchange. They can elect to receive cash or shares in the transaction. Rentokil plans to pay 20% of the overall purchase price in stock.</p><p><blockquote>Terminix股东将拥有扩大后公司约26%的股份，该公司将在伦敦证券交易所和纽约证券交易所交易。他们可以选择在交易中接受现金或股票。能多洁计划支付股票总收购价格的20%。</blockquote></p><p> Overseas Deals</p><p><blockquote>海外交易</blockquote></p><p> The transaction marks a rare overseas deal for a U.K. company at a time when investors have been discouraging London-listed firms from making bold acquisitions. Among the few such deals to be announced this year are Entain Plc’s takeover of Swedish online gambling company Enlabs AB and Anglo-Australian miner BHP Group’s bid for Canadian nickel explorer Noront Resources Ltd.</p><p><blockquote>在投资者一直不鼓励伦敦上市公司进行大胆收购之际，这笔交易标志着英国公司罕见的海外交易。今年宣布的少数此类交易包括Entain Plc收购瑞典在线赌博公司Enlabs AB，以及英澳矿业公司必和必拓集团收购加拿大镍勘探公司Noront Resources Ltd。</blockquote></p><p> Terminix shares have declined 27% this year.</p><p><blockquote>Terminix股价今年已下跌27%。</blockquote></p><p> Rentokil garners about 60% of its revenue from pest control and most of the 228 businesses it has acquired since 2016 were in that field. The market for pest eradication continues to grow, fueled by population growth, urbanization and climate change, according to the company.</p><p><blockquote>能多洁约60%的收入来自害虫防治，自2016年以来收购的228家企业中大部分都在该领域。该公司表示，在人口增长、城市化和气候变化的推动下，害虫根除市场持续增长。</blockquote></p><p> Terminix said last month that it’s struggling with higher costs due to tight labor markets and medical expenses brought on by Covid-19, although profit margins are still growing. In another pandemic ripple, demand for bed-bug control picked up last quarter as people resumed travel.</p><p><blockquote>Terminix上个月表示，尽管利润率仍在增长，但由于劳动力市场紧张和Covid-19带来的医疗费用，该公司正在努力应对成本上升的问题。在另一场大流行中，随着人们恢复旅行，上个季度对臭虫控制的需求有所增加。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/rentokil-buy-terminix-6-7-085637844.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TMX":"Terminix Global Holdings Inc"},"source_url":"https://finance.yahoo.com/news/rentokil-buy-terminix-6-7-085637844.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162948942","content_text":"(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S., the world’s largest pest-control market.\nThe stock-and-cash transaction values the company at $6.7 billion with an implied price of $55 per share, according to a statement. That’s a premium of 47% over Terminix’s last close. Both boards backed the deal, which ranks as Rentokil’s largest-ever acquisition.\nTerminix, which eliminates pests ranging from rats and cockroaches to scorpions, is among the most recognized U.S. brands in termite services. The transaction will allow Rentokil to increase scale as well as cut costs, and will start boosting earnings one year after completion, the companies said.\nRentokil shares rose as much as 6% in London trading, before paring those gains. Under the terms of the agreement, the U.K. buyer will issue about 643 million new shares, including American depositary ones.\nTerminix shareholders will own about 26% of the enlarged company, which will trade on the London Stock Exchange and New York Stock Exchange. They can elect to receive cash or shares in the transaction. Rentokil plans to pay 20% of the overall purchase price in stock.\nOverseas Deals\nThe transaction marks a rare overseas deal for a U.K. company at a time when investors have been discouraging London-listed firms from making bold acquisitions. Among the few such deals to be announced this year are Entain Plc’s takeover of Swedish online gambling company Enlabs AB and Anglo-Australian miner BHP Group’s bid for Canadian nickel explorer Noront Resources Ltd.\nTerminix shares have declined 27% this year.\nRentokil garners about 60% of its revenue from pest control and most of the 228 businesses it has acquired since 2016 were in that field. The market for pest eradication continues to grow, fueled by population growth, urbanization and climate change, according to the company.\nTerminix said last month that it’s struggling with higher costs due to tight labor markets and medical expenses brought on by Covid-19, although profit margins are still growing. In another pandemic ripple, demand for bed-bug control picked up last quarter as people resumed travel.","news_type":1,"symbols_score_info":{"TMX":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6977154,"gmtCreate":1639473489463,"gmtModify":1639473489497,"authorId":3573721781255613,"author":{"id":3573721781255613,"idStr":"3573721781255613","authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607913210,"type":1,"supId":0,"prevId":0,"content":"✅","text":"✅","html":"✅"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":13,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1162948942","isCrawlerRequest":true}