Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S., the world’s largest pest-control market.
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Indian Pesticides Market Size, Share, Trends & Forecast 2024-2032Terminix to be bought by UK company Rentokil Initial for $6.7 billionPest Control in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)| IBISWorldBrett Ponton | TerminixThe stock-and-cash transaction values the company at $6.7 billion with an implied price of $55 a share, according to a statement. That’s a premium of 47% over Terminix’s last close. Both boards backed the deal, which ranks as Rentokil’s largest-ever acquisition.
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