Vantis, the accountant and provider of financial advice to British soccer clubs was forced to explain to the market yesterday it was the target of a takeover offer.
A statement distributed by the Regulatory News Service confirmed the speculations, which had been pushing its share price up by 8.9%, to 116p.
The statement said it had received an unsolicited, 'very preliminary' all share approach.
The board did not believe the offer was 'in the best interest of shareholders' and would not be pursuing it.
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