In case you missed them, here are today's/yesterday's statements from Quindell and Slater & Gordon.
"'Quindell Plc (AIM: QPP.L) notes the Sunday Times article dated 15 March 2015 and confirms that it remains in discussion with Slater & Gordon Limited ("SGH") regarding the possible disposal of the professional services division ("PSD") of the Group. Quindell confirms that a number of deal structures have been discussed with SGH including one with an up front value of £640 million and a share of receipts from settlement of Noise Induced Hearing Loss cases. However, there can be no certainty that these discussions will lead to any offer, or the disposal of, the PSD. Further announcements will be made, as appropriate, in due course."
For some reason, I can't paste the one from Slater & Gordon so I have provided the web link instead:
http://www.asx.com.au/asxpdf/20150317/pdf/42xbjq9vrwxqzt.pdf
You said in the ST that "Quindell’s board is on the verge of recommending a £640m [145p] cash offer from Slater & Gordon" but S&G now say they have made no offer.
ReplyDeleteDo you believe S&G or your Quindell source?