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Codemasters - 485p bid from Take Two; gain 47% in five months

December 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CDM
  • Price:
  • 475p
The shares soared after Take-Two Interactive (NASDAQ: TTWO) launched a bid for Codemasters worth 485p a share. The offer comprises 120p cash and 365p in Take-Two shares and values Codemasters at £739m (US$973m). Codemasters intends to recommend it to its shareholders. Tipped at 331p in July, it looks bit of a cheeky offer just when things were getting in their stride at Codemasters. A counter offer is possible; await developments. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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