July 02, 2014 BY Gerald Segal

Spreadex confirms it made £0.30-per-share all-cash bid for LCG and was rejected

Ramping up pressure on the board and shareholders of London Capital Group (LON:LCG), online sports betting and financial spread betting firm Spreadex confirmed that it had indeed recently made a proposal to acquire LCG, and was rejected by LCG's board. Spreadex's offer was all-cash, at £0.30 (30 pence) per share, representing a 46% premium to…

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