14th Apr 2021 14:17
Tavistock Investments PLC - Berkshire-based investment manager - Receives letters of intent from holders of 25% of shares saying they will reject the possible all-share offer by Team PLC. In addition, Tavistock board members, who own a 16% stake, would not accept an offer at that level from Team as it significantly undervalues the business. On March 23, Jersey-based investment manager Team announced a possible all-share offer for Tavistock worth GBP15.2 million, or 2.5 pence per share. Tavistock's market capitalisation is GBP15.8 million.
Current stock price: 2.79 pence
Year-to-date change: up 99%
By Ivan Edwards; [email protected]
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