Sports Direct climbs as Debenhams saga continues

0 mins. to read
Sports Direct climbs as Debenhams saga continues
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

FTSE 250 clothing retailer Sports Direct (LON:SPD) has seen its shares rise by 2.14% to 287p (as of 12:40 BST) after the company announced that it would continue to pursue all available options to support Debenhams. The firm’s offer to underwrite a £150 million equity issuance was rejected yesterday, but the firm has noted that it is still actively considering its pre-conditional cash offer of 5p per share.

However, there is no confirmation at this time that a takeover would take place and if the equity issuance goes ahead that will be instead of rather than in addition to the possible offer.

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?

The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.

Book your FREE tickets today using code: MIBLOG

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *


Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.