Dixons Carphone £3.8bn merger nears debut on August 7

Dixons Retail shares to trade for the final time tomorrow and will be merged into Carphone shares the following day, before trading on the London Stock Exchange on Thursday

The £3.8 billion merger of Carphone Warehouse and Dixons is set to complete on August 7.

It will create a business owning 1,298 stores and nearly 3,000 globally, with a market value of £3.74 billion and potential revenues of £10 billion.

Dixons Retail shares will trade for the final time tomorrow (August 5) and will be merged into Carphone Warehouse shares on Wednesday. Shares will then trade on the London Stock Exchange on August 7.

The two companies began talks over a merger in February, with confirmation of the deal announced on May 15. Shareholders from both voted in favour of the merger at an AGM on July 15, and followed unconditional approval from the European Commission at the end of June.

original article Mobile News Online

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