Buy-out Offer For Perform Group

Shareholders urged to take no action

Digital media rights company Perform Group has urged shareholders to take no action following a buy-out offer from investment firm Access Industries, owned by Britain's second richest man Len Blavatnik.

The US Industrialist's investment group, who already owns 42.5 percent of Perform, is looking to increase its holding to over 50 percent offering 260p per share, the price the group originally listed at.

Perform shares closed at 203.8p on Friday but rose to 257.50p following news of the bid, a 26.35 percent increase. The offer effectively values the group at GBP 701.6 million.

Perform's board, however, issued this note to shareholders: "The Board reiterates its confidence in Perform Group's standalone strategy and growth prospects as detailed in last Friday's interim results statement."

Online Casino News Courtesy of Infopowa

More news

here.

About the Author... Total Posts Written: 9,462
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts