Tuesday, October 20, 2009

Centaur in Play as CIG bid

CIG, the vehicle supposedly created to buy subs based b2b assets which has Peter Balzegette (of Big Brother fame) on its board, has made an offer for Centaur. No surprise that the board has rejected the approach. The share price rose some 15% today. If the offer gets to 60p the shareholders should snap at it - but the board won't want to do a deal as the management is likely to be a casualty in any deal methinks.

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