29th Jun 2023 21:17
Best of the Best PLC - London-based operator of weekly online raffle competitions - Suitor Globe Invest Ltd, the investment company of Teddy Sagi, now owns just under 39% of Best of the Best. Globe Invest's takeover bid has been backed holders of a number of other Best of the Best, giving the suitor an interest of just under 59%. Globe Invest is now required to mount a mandatory cash offer, at a price of 535 pence per share.
The Globe Invest bid, first announced earlier in June, values Best of the Best at GBP45.3 million. Best of the Best backed the offer.
Sagi founded London-listed gambling software developer Playtech PLC and, most recently, his company Unikmind Holdings Ltd completed a takeover of digital privacy and security company Kape Technologies PLC.
Current stock price: 530.00p
12-month change: up 10%
By Eric Cunha, Alliance News news editor
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