Lone Star has increased its offer for Quintain having had to make two timetable extensions to try and achieve full acceptance of its previous offer.
The US private equity firm has raised the bid from 131p per share to 141p, valuing Quintain at around £745m.
The offer is final and will not be increased nor the offer time extended beyond the cut-off date of 1pm on 10 October.
Lone Star said the offer was at a 31.8% premium to the 107p offer price for Quintain’s share the day before its initial offer on 29 July.
The previous round of acceptance calls was just short of the 75% needed for an unconditional offer on the developer, at 71.73%.
In addition, interest from Elliott Capital Advisors looked set to disrupt the offer process even further after it took a 12.9% stake in Quintain.
