Tavistock Investments (GB:TAVI) has released an update.
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Tavistock Investments PLC has announced an agreement to sell two subsidiary businesses for up to £37.75 million to The Saltus Partnership Holdings LLP, a move that represents a 211% premium over its market capitalisation. The proceeds from the sale will not be returned to shareholders but will instead be used as working capital and potentially for future acquisitions or share buybacks. The deal, subject to shareholder approval and regulatory conditions, is expected to complete by the end of December 2024.
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