By Tony Walford

Earlier today it emerged that Lake Capital had extended its offer for the proposed £100m buyout of Engine Group for around a week, after a group of external shareholders rejected the offer.

Engine Group has since said that is is confident it will be able to continue as planned with the deal.

However, below analyst Greesquare’s Tony Walford has outlined why the deal could in theory be blocked.

If the minority external shareholders can, as a group, ensure at least 25 per cent of the overall shareholders refuse to accept the offer then the deal in theory could Read full story ›

Source: The Drum