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Markerstudy makes preliminary £123m bid for Brightside

Martyn Holman
    • Andrew Pearce

    • Indicative reading time: 1 minute

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Markerstudy has made a preliminary approach to buy Brightside Group for £123m at 27p a share.

In a statement Brightside said: "The board can confirm that it has received a preliminary approach which may or may not lead to an offer being made for the company. 

"There can be no certainty that an offer will be made nor as to the terms on which any offer might be made."

According to the confirmation, Markerstudy has until 5pm on 13 August 2013 to "announce a firm intention" to make an offer for Brightside.

The statement added that a further announcement will be made as and when appropriate.

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