IN BRIEF: Howden Joinery completes acquisition of DIY Kitchens

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Howden Joinery Group PLC - London-based kitchen and joinery supplier - Completes its purchase of online retailer DIY Kitchens, with the new shares issued to the seller in connection with the transaction admitted to the London Stock Exchange on Tuesday morning. Earlier in June, Howden Joinery said it had agreed to acquire DIY Kitchens for an enterprise value of £390 million, with the consideration comprising £292.5 million in cash and £97.5 million in new Howden shares at a price of 766 pence per share.

Current stock price: 799.50 pence, down 1.8% on Tuesday morning in London

12-month change: down 4.7%

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