Minority of Tavistock shareholders entertain TEAM takeover bid

Investors representing 7.44% of Tavistock have signed non-binding letters of intent confirming they would accept the offer made by TEAM on 11 March, which the Tavistock board argued "significantly undervalued Tavistock and its standalone prospects". Tavistock Investments rebuffs takeover bid from TEAM TEAM had announced it was "seeking to engage with Tavistock shareholders to discuss the merits of a possible offer to acquire the entire issued and to-be-issued ordinary share capital of Tavistock", which has so far yielded six shareholders. With 4.84% of shares, Helium Rising Stars fund...