Clubhaus agrees MBO at below-par price

The MBO is backed by private equity group Legal & General Ventures, which is offering 0.165p in cash per share, a discount of almost 40% to Friday's closing price and an 80% discount to the share price the day before the club announced it was for sale in September 2003.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue