Perform Group to de-list as Access Industries takes over

lenaccessPerform Group is to be de-listed from the London Stock Exchange following reports that private investment group Access Industries is set to acquire the media rights and data operator.

In September Access Industries lead by US billionaire Len Blavatnik had begun its pursuit of Perform Group, offering a + £700 million cash offer to company shareholders. Perform Group governance appealed to shareholders to reject the offer placed by the investment group, stating that the offer ‘undervalued the company’s value’.

In the months following their initial shareholder offer, Access Industries has increased its stake in Perform Group from 42.5% to 77%.

Having surpassed the 50% stake threshold last month and becoming the controlling stakeholder in Perform Group Plc , Access Industries is set to acquire the remaining company shares at a set price of 260p per share.

Access Industries confirmed to igaming news source that its remaining shareholder offer will close at 1pm UK time on December 2 “and will not be further extended”.

Check Also

Anthony Joshua stars in William Hill’s first ‘brand-led’ advert

William Hill is to launch a new advertising campaign this week featuring the unified world …

Sportradar unites with SportsGrid for inaugural 24-hour network

Sportradar has united with SportsGrid for the launch of the first free, 24-hour network dedicated to …

Tracey Crouch joins Horse Welfare Board as independent member

Former Minister for Sport and Civil Society (DCMS), Tracey Crouch, has joined the British racing’s …