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TJ Hughes - 55% gain after JJB Sports bid 140p

March 2002

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:
  • HGH
Having received expressions of interest regarding a possible takeover last November, including a possible MBO, TJ's has surprised byannouncing that it has agreed a £42.3m cash offer from JJB Sports, the UK's biggest sports retailer.  JJB expects to generate synergies by combining purchasing and distribution.        The 140p cash offer is a premium of 55% over the 90p at which Sharewatch recommended TJ's in the October issue. That was just a few weeks before the announcement that it was in bid talks.  Accept the offer. Gain in five months: 55%. ...

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