Perform Group To De-list
By Casinomeister, Last updated Nov 14, 2014
Digital sports media firm has been acquired by Access Industries
London billionaire Len Blavatnik has triggered the de-listing of the digital sports media provider Perform Group following the acquisition of 77 percent of its stock by his private equity company Access Industries.
Perform controls the Watch&Bet live streaming sports service, along with data providers Opta and RunningBall.
Perform's management confirmed that Access now holds a 77 percent interest in the company. It went over the fifty percent barrier in October, obliging it to acquire stock offered to it by Perform shareholders at GBP 2.60 a share – the value Access set on the stock in its final offer after negotiations earlier this year.
The directors of Perform originally advised shareholders that the offer undervalued the company and should be rejected.
Perform shareholders have been advised by Access that the offer stands until December 2 at 13h00 UK time, and will not be extended.
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