UPDATE: Mitie takeover by OCS clears UK national security hurdle

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Mitie Group PLC - London-based outsourcing and facilities management - Takeover by UK peer OCS Group Topco Ltd gets UK national security clearance on Wednesday, the same day as Mitie had said the deal received clearance from the European Commission. Mitie says the merger receives clearance from the UK's Investment Security Unit. The £3.1 billion acquisition now needs only UK competition approval. Last week, the UK Competition & Markets Authority asked for comments on any competition issues caused by the merger. Mitie shareholders last week voted in favour of the deal, and Mitie on Wednesday says it still expects the acquisition to complete in the first quarter of 2027.

Current stock price: 210.65 pence, compared to 221.6p offer price including 3.1p final dividend

12-month change: up 33%

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