PracticeAccounting FirmsVantis receives takeover bid

Vantis receives takeover bid

Vantis has received an unsolicited all-share takeover offer which it will reject

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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