Xafinity completes Punter Southall acquisition

Admission of nearly 26 million completion shares occurred at 8am today, following the firm's announcement in December that the acquisition would go ahead for a combination of cash and shares worth £153m. As a result, Punter Southall Group has now become the largest single shareholder in Xafinity, which in turn has become the UK's fourth largest consulting firm by revenue. Punter Southall chief executive officer John Batting and co-founder Jonathan Punter were also appointed to Xafinity's board of directors in December. Xafinity co-CEOs Paul Cuff and Ben Bramhall said: "We are delig...