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Sportech engages with Standard General with view to possible sale

4th December 2020 9:12 am GMT

New York-based investment firm Standard General has been set a two-week deadline to decide whether to make a formal offer to acquire London-listed Sportech.

Standard General has made a number of approaches to the board of Sportech in recent months, including a 28.5 pence per share cash offer on 28 October, which represented a 58.33 per cent premium on the previous day’s closing price. However, the offer was rejected by the board.

Following Tuesday’s agreement to sell [...]

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