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Must be nice to buy chunks of your favourite high street stores rather than tiny stakes!
Was for me draft - about until just before 10 am. Which was strange.
was not nt for me.
must be something going on. don't usually rise like this on no news. can't be a single pi doing this rise.
Mike Ashley's campaign to grow his vast retail empire is an interesting story.
If the buyer has been Sports Direct then they are above 30% unless theyve been obtained through a CFD
funny we are all thinking the same thing. Hopefully MA is too.
Certainly showing signs of interest, last few weeks has seen a seller being matched on the BID with a buyer.
Buyer Sports Direct ??????
and now it is moving.
NT all morning??
Can anyone buy?
looks like a 40 grand buy
showing after hours. must be over 30% now
makes sense for MA to move focus to GMD now that DEB saga is over...fingers crossed for some action soon
rns incoming?
i was talking about the GD outlets.
no. the belong arenas are going into sports direct stores.
wasnt the plan to incorporate Game Digital into Debenhams stores ???????
now that sports direct is freed up.
probably sports direct increasing holding at 26p.
Oh ok cheers Auson I didn't know that was a thing.
Seems strange that despite the bid repeatedly dropping below 26p every trade seems to be at 26p.
so Mike Ashley now has time and cash to f fully buyout GMD. bring it on!
ragnarlothbrok,
I don't think he meant SPD but accumulating on behalf of. Then he buys off that party for a small accumulators fee.
SD would hit 30% ownership if it bought 190k more shares (£50k at 26p). Shares traded today already > 500k. Per the UK Takeover code an offer should be coming from SD in 30 days if they have passed the threshold
"When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced"
Draft the buyer is on the BID side of the market, look @ all the sells @ 26p being snapped up on the BID.
Ashley buying imho, trying to get as many as Pos around 26p before declaring offer.
Sports Direct fast approaching mandatory offer threshold for UK retailer GAME Digital UK retail giant Sports Direct is on the verge of being compelled by law to make an offer to buy High Street chain GAME Digital. As of March 22nd, the Mike Ashley-owned giant owns 29.89 per cent of voting rights at the interactive entertainment retailer. Under UK law, owning 30 per cent of a company's voting rights is the point at which a mandatory offer must be made to buy it. Sports Direct first invested in GAME back in July 2017, snapping up a 25.75 per cent slice of the retailer. This grew to 27.9 per cent in mid-March of this year, before drawing closer to the 30 per cent red line towards the end of the month. The firm has also bought 50 per cent of GAME's relatively new Belong brand for £3.2m ($4.2m) in February 2018, in addition to providing £55m ($72.5m) in capital for the retailer as part of an on-going collaboration. Since GAME went bust and came back in 2012, the firm has been trying to transition from being a pure retail play to having a more diverse and robust offering that doesn't rely just on consumers buying disks under the leadership of Martyn Gibbs (pictured, at the launch of its central London Wardour Street Belong store branch in December 2016) In an aggressive marketplace, with competition from both digital stores and fellow retailers like Amazon that can offer far more competitive prices, it looked like the company might struggle to transition in time. This support from Sports Direct has certainly made it more likely that it will pull the switch off. Indeed, without this backup, GAME likely could have gone the way of other UK retailers. Northern England indie chain Grainger and Scotland's Games Centre both went bust, while online outfit GameSeek also went out of business. Meanwhile, Toys R Us - a big supplier of games - went out of business, while The Hut Group-owned Zavvi has cut back supporting games. We've reached out to both GAME Digital and Sports Direct for comment. The former says it doesn't comment on shareholder activity, simply pointing us to the press release announcing the two companies' aforementioned relationship announced in February 2018. Sports Direct is