Fast Track

Perform directors urge shareholders to reject takeover bid

3rd September 2014 1:09 pm GMT

London-listed multimedia sports content provider Perform Group has urged shareholders to take no action in relation to their shares following a bid from Access Industries earlier this week, arguing that the cash offer undervalues the company and its prospects.

Privately-held Access Industries made a bid Monday to acquire all of the shares which it does not already own in Perform. Through its subsidiary PTV, the company currently owns approximately 42.5 per cent of the issued [...]

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