Shareholders approve Capita's acquisition of health and government divisions of Tribal Group.
Tribal shareholders have approved the acquisition, by the Capita Group Plc of the health and government divisions of Tribal Group Plc and the acquisition has now completed.
The cash consideration of £15.8 million on a cash-free, debt free basis for the acquisition includes a deferred consideration of up to £2.5 million. The acquisition adds key new capabilities to Capita's health and consulting businesses, details of which were included in Capita's announcement of 11 April 2011.