Odey Asset Management has blasted a bid for trading platform Plus500, the second largest holding on James Hanbury's CF Odey Absolute Return fund, calling the move "opportunistic".
Plus500 shares shed 50% of their value last month after UK regulators asked the firm to impose tighter anti-money laundering controls. Gambling software firm Playtech then made a 400p per share for the firm on Monday, a deal Plus500 management said is "fair and reasonable" Odey's flagship fund tumbles 18% in April The management team, who hold 36% of the company's stock, have recommended the acquisition to shareholders. But Odey - which holds 25% of the firm - has voiced its displeasure. In a statement released to the stock exchange, Odey, the largest individual shareholder in Pl...
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