Perform Group To Reject Access Industries Offer (update)

Undervalues the company and its prospects, says directors

The board of independent directors of Perform Group PLC believe Access Industries' offer to buy the remainder of the Perform shares they do not already own at 260p each, "undervalues the company and its prospects" and has recommended that shareholders reject the offer (see previous InfoPowa reports).

The board said it will provide shareholders with its detailed views once Access Industries has issued a formal offer document but are clear they do not plan on accepting the final cash offer on their own 10 percent shareholding.

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