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Rentokil shares will be in the spotlight when the stock market opens today amid reports it has emerged as the City’s latest takeover target.
The FTSE 100 pest controller is at the centre of a £15bn raid by the former BT boss.
Philip Jansen, who left earlier this year, is seeking private equity funding for a deal that would make him chief executive.
Swoop: Philip Jansen is seeking private equity funding for a deal that would make him CEO of Rentokil
Rentokil has struggled since acquiring US rival Terminix in 2022, failing to win new customers in North America.
Jansen, 57, is keen to improve the company’s performance on the other side of the Atlantic. Possible bidders include CVC and Bain Capital.
Jefferies analysts said “broader private equity interest is unlikely to come as a big surprise.”
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