Business Overview
Ei Group Plc (EIG) is a Solihull, the United Kingdom-based leased and tenanted pub company. The group contains a portfolio of businesses, comprising a variety of trading styles and operating models. The company businesses include Ei Commercial Properties, Ei Managed Investments, Ei Publican Partnerships, and Ei Managed Operations. The group also develops residential sites on land that is surplus to pub requirements. The group has more than 4,000 properties that are run as tenanted and leased pubs.

Recent Developments about Acquisition
On 18^th July 2019, Ei Group Plc and Stonegate Pub Company Bidco Limited announced that they had reached an agreement for the acquisition of the Ei Group (EIG) by Stonegate. This acquisition will be an all cash-based acquisition where Stonegate would purchase the entire share capital of the Ei Group Plc.

On 27^th February 2020, EIG announced that the Court had approved the agreement Scheme. As the scheme had become Effective, the existing directors have resigned from EIG, and new directors are appointed. The key management personnel including Robert Walker, Simon Townsend, Neil Smith, Adam Fowle, Marisa Cassoni, Peter Baguley and Jane Bednall, who were holding the position of directors, have resigned from the company. The replacement of these directors includes Ian Payne, Simon Longbottom, David Ross, Brian Magnus and Manjit Dale who would join the company. These changes would come into effects from 27^th February 2020.

As per the scheme, each shareholder would receive 285 pence in cash for each share held.
All the formalities and requirements are made for the suspension of EIG shares from trading on the London Stock Exchange by the company. The Ei Group shares are delisted from the London Stock Exchange on 4^th March 2020. The company has applied for the cancellation and delisting of its shares to FCA and LSE.

Conclusion
This acquisition would enhance the growth opportunity for Stonegate to have a better growth prospect and could deliver better returns to the investors. The acquisition would help in building a market-leading customer proposition. The acquisition would certainly provide the cost synergies and optimise the potential for the company. Attractive revenue synergies would bring wealth to its investors. After acquiring Ei Group, Stonegate would become more capable for its consistent growth and sustainable development.

On 4^th March 2020, Ei Group Plc listing was cancelled, and its admission to trading on London Stock Exchange got suspended.So, the final adjusted price of Exit for Ei Group Plc shares remained at 285 pence.

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