Equiniti said the deal, priced at 180 pence per share, represented a 56% premium to its closing stock price on Feb. 8 and directors intended to unanimously recommend approval of the deal.
The acquisition will need approval via a court-sanctioned scheme, the company said in a statement.
($1 = 0.7090 pounds)
(Reporting by Kirstin Ridley; Editing by Rachel Armstrong)