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Terminix jumps 27% on acquisition by Rentokil for $6.7B

Dec. 14, 2021 10:08 AM ETRentokil Initial plc (RTO) StockBy: Manshi Mamtora, CFA
  • UK's Rentokil to buy Terminix (TMX +23.3%) for $6.7B in a stock-and-cash transaction values has an implied price of $55 per share, a premium of 47% over December 13 closing price.
  • Rentokil gets about 60% of its revenue from pest control and most

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