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Rentokil to Acquire Terminix for $55/Share in Cash/Stock Transaction

Terminix and Rentokil Initial to Merge Creating a Global Leader in Pest Management Across Residential and Commercial Services TERMS OF THE TRANSACTION $6.7B transaction 80% stock and 20% cash* Premium of 47% over Terminix's closing price on December 13, 2021, the last trading day prior to announcement *Terminix shareholders may elect all cash or all stock, subject to proration.

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