Tag Archives: Quindell

Quindell confirms Slater and Gordon sale

Quindell has today entered into a conditional sale and purchase agreement to dispose of the Professional Services Division to Slater and Gordon Ltd for an initial cash consideration of £637 million. Quindell has announced that it has today entered into a conditional sale and purchase agreement to dispose of the Professional Services Division to Slater and Gordon Limited for an […]

MPs question Quindell’s share dive

The Independent has reported that the FCA is facing mounting pressure to reveal details of its investigation into a ‘deeply worrying’ allegation of market abuse by Quindell, that left hundreds of retail investors with huge losses. Vince Cable, the business secretary, and Andrew Tyrie, chairman of the Treasury Select Committee, have written to the Financial Conduct Authority (FCA) calling for […]

Quindell responds to press speculation

Quindell has responded to the Sunday Times article published yesterday, confirming that it remains in discussion with Slater & Gordon regarding the possible disposal of the professional services division of the group. Quindell confirms that a number of deal structures have been discussed with SGH including one with an upfront value of £640 million and a share of receipts from settlement […]

Quindell purchases final Navseeker shares

Quindell has today acquired the remaining 8.33% of Navseeker, through the purchase of 832,000 ordinary shares. On 5 March 2015, Quindell announced the settlement of litigation and the associated acquisition of 11.67% of Navseeker not already held by the company. As part of the process to achieve full ownership of Navseeker, the company announced that it has today issued 832,946 […]

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