Sports Direct bid for online retailer Findel reaches end of the road
The Sports Direct bid to buy Accrington-based Findel has lapsed.
It had until today (May 4) to increase its offer for the retailer after Findel shareholders resoundingly rejected the retail giant's £130m bid on April 25.
But in a Stock Exchange announcement yesterday (May 3), it announced that its takeover offer had lapsed, after only receiving acceptances from the equivalent 0.99% of Findel's issued share capital.
That gave Sports Direct just 37.84% of the company's stock, including its existing 36.84% holding, which was si... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...