14th Sep 2021 20:29
Watchstone Group PLC - cash shell with remaining assets comprising litigation assets, contingent liabilities and cash - Polygon Global Partners LLP says final takeover offer for Watchstone has lapsed, without enough acceptances from Watchstone shareholders. Polygon says it received valid acceptances from around 1.9% of the issued share capital of Watchstone, in addition to its own 30% holding in the company. It needed total acceptances of at least 50% of Watchstone's share capital.
Current stock price: 38.00 pence
Year-to-date change: down 34%
By Arvind Bhunjun; [email protected]
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