today’s news27 Mar 2019 16:02
Findel has labelled Sports Direct’s £140 million takeover offer as “opportunistic” and “strongly” urged all shareholders to “take no action and reject the offer”.
The parent company of Express Gift, which trades online as Studio.co.uk, said it would would publish its official response today in relation to the offer.
Earlier this month, Sports Direct made a mandatory offer of 161p per share, which was triggered after the Mike Ashley-owned retail company raised its stake in Findel through the purchase of six million extra shares.