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Quindell receives takeover approach, sources claim

Sun, 19th Apr 2015 14:46

Quindell received a takeover approach for its telematics business from Tantalum, a company connected to City financier Edmund Truell, reports said late on Friday.The telematics business, which monitors motorists as they drive, now makes up the majority of the AIM-listed group following the decision to sell its "no win, no fee" personal injury business.According to sources cited by the Financial Times, Quindell is not yet looking to dispose of the remaining assets because it is not clear how much profit they generate.The remaining operations are thought to be worth between £50m and £60m, according to a person familiar with the terms of the offer, the newspaper said.The approach was apparently made on Friday, the same day the group's shareholders approved the sale of the claims business to Slater & Gordon for £637m.The deal still remains conditional on approval of both the UK Solicitors Regulation Authority and the Financial Conduct Authority.
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30 Sep 2015 07:57

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29 Sep 2015 07:02

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Quindell buys remaining stake in PT Healthcare Solutions

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