Tag Archives: Standard General

Sportech terminates talks with Standard General

The Board of Sportech Plc has confirmed that talks with US investment firm Standard General have been terminated. This announcement follows Standard General’s revelation this morning that it did not intend to make an offer for the firm. Wagering and racing systems provider Sportech Plc revealed at the start of December that it had entered into a conditional agreement to …

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Standard General notifies Sportech shareholders of rejected £54m bid  

New York hedge fund Standard General LLP has revealed that it has had a series of cash offers rejected by LSE-listed wagering and racing systems provider Sportech Plc.  The hedge fund said that its ‘latest cash offer’ of 28.5 pence per share, offering Sportech investors a 58% premium on the firm’s October LSE closing price of 18 pence per share, …

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