Cain Hoy Abandons Tottenham Hotspur Takeover Interest

By Community | September 25, 2014

A potential takeover bid for Premier League club Tottenham Hotspur has been withdrawn from private investment firm Cain Hoy Enterprises.

The company, vialis 40mg backed by a consortium of American billionaires and fronted in Europe by Tottenham fan Jonathan Goldstein, rx announced their interest in a possible takeover earlier this month, buy in accordance with the City code of Takeovers and Mergers.

Cain Hoy released a statement via the London Stock Exchange which said: “On September 12, Having previously approached Tottenham Hotspur with a proposal, Cain Hoy Enterprises confirmed that it was at the preliminary stages of assessing a cash offer for Tottenham Hotspur.

“Cain Hoy has subsequently terminated its assessment and accordingly is no longer considering making an offer for Tottenham Hotspur.

“As a consequence of this announcement, Cain Hoy will, except with the consent of the Takeover Panel, be bound by the restrictions on making an offer for Tottenham Hotspur contained in Rule 2.8 of the UK Takeover Code for six months from the date of this announcement. 

“However, Cain Hoy reserves the right to make an offer in the circumstances set out in Note 2 of Rule 2.8 of the UK Takeover Code.” 

Spurs are valued at £1 billion by their owner Joe Lewis.

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