Goodweather Holdings Raises Best-and-Final Harworth Offer to £631.7 Million

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Goodweather Holdings Raises Best-and-Final Harworth Offer to £631.7 Million

merger_acquisitionannounced2026-10-02 06:52:53 UTCimp 0.80HWG.L +0.45

Goodweather Holdings’ bid vehicle announced a best-and-final cash offer of 187 pence per Harworth Group plc share, valuing Harworth at approximately £631.7 million. The bidder stated that it intends to seek cancellation of Harworth’s London Stock Exchange listing if it obtains 75% of voting rights, and that Harworth’s directors would resign and be replaced by bidder nominees.

Occurred 2026-09-25 00:00:00 UTCSurprise 0.62Confidence 0.95
Rationale

This is a concrete, forward-looking takeover milestone rather than a price-movement report: Goodweather Holdings’ bid vehicle announced a best-and-final cash offer for Harworth at 187 pence per share, valuing the target at approximately £631.7 million. The stated 75% voting-rights threshold for seeking cancellation of Harworth’s listing and the proposed board replacement create additional governance and listing implications, but remain conditional. The supplied context dates the increased final offer to 25 September 2026; because the exact announcement time is not stated, the occurrence timestamp uses midnight UTC as an estimate rather than the later publication timestamp. Harworth Group plc is the only approved stakeholder because the other suggested company impacts are indirect and speculative.

EventsPeel Pepper Cash Offer for Harworth Group
Evidence
Goodweather Holdings' Best & Final Offer Values Harworth At £631.70 Million
reuters2026-10-02 06:31:55 UTCOpen source
GOODWEATHER HOLDINGS- BEST AND FINAL OFFER VALUES HARWORTH AT £631.70 MILLION
GOODWEATHER HOLDINGS- BIDCO OFFERS 187 PENCE IN CASH PER HARWORTH SHARE
GOODWEATHER HOLDINGS- BIDCO INTENDS TO CANCEL HARWORTH LISTING IF 75% VOTING RIGHTS BOUGHT
GOODWEATHER HOLDINGS -HARWORTH GROUP DIRECTORS TO RESIGN; BIDCO TO NOMINATE NEW DIRECTORS TO BOARD