PWU.K. publisher Hodder & Stoughton is buying the independent, London-based, Quercus in a cash bid of £12.6 million. The price is some way below Quercus' turnover (which was £20.4 million in 2012), but represents 144.9% of the value of the company's shares (24.5p) at the close of business yesterday (24 March). Quercus shareholders will receive 60p per Quercus share.
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