31st Aug 2021 21:55
Watchstone Group PLC - Eastleigh-based investor in litigation and contingent assets - Polygon Global Partners LLP announces increased and final mandatory cash offer for the shares it does not already own. The new offer is worth 38p per share, up 12% from the previous offer of 34p per share, valuing Watchstone at GBP17.5 million. As of Friday, Polygon had received acceptances representing 1.4% of Watchstone shares. Polygon already has a 30% stake in Watchstone, the threshold at which it has to make an offer for the remaining shares.
Current stock price: 38 pence
Year-to-date change: down 35%
By Ivan Edwards; [email protected]
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