9th Apr 2021 16:00
Team PLC - Jersey-based active fund management firm - Receives further non-binding letters of intent from Tavistock shareholders, which represent 91.3 million Tavistock shares, about 15% of the issued share capital of Tavistock. At the end of March, Tavistock confirmed it had been approached by Team to discuss the merits of a possible offer at an exchange ratio of one Team share for every 36 Tavistock shares, implying a value of 2.50p per Tavistock share.
"Team continues to engage with Tavistock shareholders and would encourage those who are supportive of Team being granted due diligence access by the Tavistock board," the company notes in its statement Friday.
Current stock price: 88.00 pence, up 0.6% on Friday
Change since listing in London: down 2.2%
By Evelina Grecenko; [email protected]
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