Liverpool stall on takeover bid - Beeb

[Rob W 0]

Liverpool stall on takeover bid

Liverpool

Liverpool have decided not to formally accept the £156m takeover bid from Dubai International Capital (DIC).

 

It is a turnaround from what had been expected and comes after a board meeting on Tuesday evening, casting doubt on the proposed buy-out.

 

Liverpool now appear to want more time to consider a revised offer from George Gillett, the owner of Montreal Canadiens ice hockey team.

 

A final decision is expected to be made by the end of the week.

 

DIC has completed due diligence and wants to make its formal bid, via the Stock Exchange, for Liverpool chairman and owner David Moores' 51.6% majority shareholding early next week.

 

It believes Moores was in favour of a bid which would have given him £80m at £4,500 a share.

 

Gillett's original offer had been rejected before Christmas, but last week he submitted a new offer by letter to Moores which upped the bid to give Moores £88m for his holding.

[AgentFox 0]

DIC Pulls out, right before the money shot

[Baggio 0]

Consortium pulls out of Reds bid

 

Dubai International Capital has pulled out of proposed takeover of Liverpool.

The announcement follows the failure of the club's board to formally accept DIC's bid in the wake of a second offer from American George Gillett.

 

DIC claimed the offer had been accepted in principle by majority shareholder David Moores but they were unable to make a formal offer to shareholders.

 

DIC chief executive Sameer Al Ansari said the group was disappointed but added: "We won't overpay for assets."

[Ketsbaia 0]

An filty rich company who's looking to invest in a football club then sell after seven years?

 

 

Over here, boys!