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Globe Invest Ltd, the investment company of Teddy Sagi, which is about to buy Best of the Best PLC, has reached a new level of acceptances for the latter’s takeover.
Globe Invest now has about 97% of acceptances for its planned buy of the London-based operator of weekly online raffle competitions, which values the company at 535 pence per share, or around £45.3 million.
Globe Invest is investing to compulsorily buy the remaining Best of the Best shares.
Best of the Best shares were 0.8% lower at 525.76 pence each on Monday afternoon in London.
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