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London Capital Group rejects Spreadex takeover approach

2nd July 2014 2:33 pm GMT

UK-based spread betting firm Spreadex has revealed that it has made a cash offer for the entire share capital of spread betting and CFD provider London Capital Group (LCG), which has been rejected by LCG’s board of directors.

Spreadex said that it had submitted a preliminary, non-binding indication of interest to LCG’s board earlier this week on Monday.

Spreadex's proposal envisaged an all cash offer at a price of 30.00 pence per share, representing a substantial premium [...]

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