NEW! Investment Companies Centre

Gladstone gets 25p a share offer

Related Companies

Related Indices

Related Sectors

News for Spread Betters

PreviousPrevious
NextNext

There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here. Advertisement

Date: Monday 13 Oct 2008

LONDON (ShareCast) - Constellation Software Inc has launched a 25p cash per share offer for membership management systems provider Gladstone worth £13.54m.

The bid from the Canadian firm, which bought 13.86m shares, or 28.84% of Gladstone, in March, represents a premium of 33.3% to Friday’s closing price.

“Gladstone's strong presence in the UK leisure centre market combined with Constellation's position in the club market provides Constellation the opportunity to service the UK market with an enhanced solution,” said President of the Toronto-headquartered software and services group, Mark Leonard.

“In addition, we believe we may be able to assist Gladstone's entry into the education market through the knowledge we have gained in the US education market.”

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).