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20 Mar 2019 | 08:30

Findel urges shareholders to 'take no action' following Sports Direct £139m takeover offer

Findel urged shareholders urged to 'take no action' in the wake of a £139m offer for the company by Sports Direct.

Findel rejected the 161p a share takeover offer, which was announced by Sports Direct on 19 March, claiming it undervalued the company and its future prospects.

'Findel shareholders are strongly urged to take no action in relation to their Findel shares,' the company said.

At 8:30am: (LON:FDL) Findel PLC share price was -1.5p at 158.5p

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