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Findel urges shareholders to reject Sports Direct takeover bid

Home shopping retailer Finder has urged its shareholders to reject an "opportunist" takeover bid from Mike Ashley’s Sports Direct. Findel said in a statement released Wednesday that it thinks Sports Direct’s current offer of 161p per share “significantly undervalues Findel and its future prospects”, compared to analyst target prices which range...

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Sports Direct raises its stake in Findel to 36.8 percent

Sports Direct International plc has acquired 6,000,000 Findel shares at a price of 161 pence per share from City Financial Absolute Equity Fund. The company expects the acquisition to settle on March 6, 2019 and following the acquisition Sports Direct will, the company said in a statement, in aggregate, hold 31,850,000 Findel shares,...