Tavistock dubs TEAM takeover bid ‘unwelcome distraction’

News Team, 08/04/2021

Tavistock Investments has described TEAM’s takeover bid as an “unwelcome distraction” for the firm.

In a trading update for the year ended 31 March 2021, Tavistock said the approach was “opportunistic” and supported by a small grouping of former employees and disaffected shareholders. Chris Peel, the former chief investment officer has signalled his support for the deal.

The firm said the potential bid price being considered is “significantly below” the value of firm's...

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