News blog
Dowgate Capital
- BY: Andrew Hore |
- POSTED: 14/04/2009 |
Dowgate Capital says that last week it received a bid approach.
Shares in Dowgate jumped to 1.25p to 4.25p each, which values the Aim adviser at £1.68m.
Dowgate says it has received a number of approaches in recent months and it was in talks with Daniel Stewart last year. This latest approach is being taken much more seriously than any one since the Daniel Stewart talks. Dowgate has agreed to provide key information to the potential bidder but it will have to sign a confidentiality agreement.
Dru Edmonstone of Rivington Street Corporate Finance owns 11.2% and FinnCap chairman Peter Webb owns 9.16%.
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