Shareholder MVAM continues to support rejection of InterQuest offer
InterQuest shareholder Mole Valley Asset Management says it continues to support the rejection of an offer for the technology recruiter.
The offer was made by Chisbridge, a company formed by a group of InterQuest senior directors.
In a clarification statement, released this morning, MVAM revealed it had sold 10,000 InterQuest shares on 29 June and confirmed, with regards to its remaining shareholding of 700,400 InterQuest shares, it believes Chisbridge’s offer “significantly undervalues” the company and that it continues to support the rejection of their offer.
On 6 July, 11 InterQuest shareholders backed rejection of Chisbridge’s mid-May offer for the firm. The shareholders are: MVAM; River and Mercantile Asset Management; Livingbridge; Elderstreet Investments; Hazell Carr Edwards; Castlefield Investment Partners; Tim Fleetwood; Blankstone Sington; Charlotte Fleetwood; Daniel Goldblum; and Tsippi Goldblum.
Chisbridge is a company formed by InterQuest chairman Gary Ashworth, CEO Chris Eldridge and chief financial officer David Bygrave.
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