Saturday 4 September 2010

Emblaze group interim results and potential sale of stake in Formula Systems

Update 03/09/10 just a day after posting the below it has now been confirmed that a sale has been agreed for just under $140million. This equates to about 81p a share and it needs to be ratified by the shareholders. I'm hoping we see a large chunk of this cash via a special dividend.

It’s been a strange few days for Emblaze, on Tuesday they announced their interim results in which they mentioned that they were evaluating several strategic options for the group. The very next day they

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