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Mobile Doctors Group

  • BY: Andrew Hore |
  • POSTED: 02/12/2011 |

Quindell Portfolio has announced a recommended offer for Mobile Doctors Group that is in line with its previous indication.

Quindell is acquiring Mobile Doctors by way of a share swap of 5.833 of its shares for each Mobile Doctors share. It already owns 21.1% of Mobile Doctors. Shares in Quindell are trading at 2.88p, which values each Mobile Doctors share at 16.8p. The market price of the shares has risen from 15p to 16.5p.

The bid values Mobile Doctors at £2.8m. 

Quindell plans to sell Mobile Doctorsí medico-legal reports to its insurance sector clients.

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