Playtech Cyprus Ltd.’s (LSE:PTEC) offer to purchase for Plus500 Ltd. (AIM: PLUS) shares was welcomed by the company’s five founders (their consent highlights their lack of confidence in the company’s future, following the crisis created by suspicions of money laundering). One institutional shareholder, however, is not really satisfied with the price being offered for the company by Teddy Sagi.
READ MORE:
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
When the Plus500 share started to lose ground, Odey Asset Management, a respected UK hedge fund and institutional investor, began accumulating the company’s shares, obtaining a 25.5% holding – far more than company founder Alon Gonen. Sagi’s offer of £4 per share constitutes an 8.1% premium on the market price before his offer was published… READ MORE
Published by Globes [online], Israel business news – www.globes-online.com