Sportech share price soars after rejected takeover bid

Shares surge 34% in early trading as sports betting provider fends off “several approaches” from New York-based Standard General

Shares in sports betting pools provider Sportech soared 34% in early trading on the London Stock Exchange after a US hedge fund targeted the firm for takeover. The share price rose to 28.10p amid reports of several approaches by New York-based investment firm Standard General LP, an “event-driven opportunity fund” and the largest shareholder in…

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