Blue Oar plans bid for Dowgate - Business - Evening Standard
       

Blue Oar plans bid for Dowgate

BLUE Oar, the stockbroking house that just walked away from a merger deal with rival WH Ireland, is back on the takeover trail.

It said today it has built up a 27.8% stake in Dowgate Capital and plans to bid for the rest. Dowgate responded that the offer of 6p a share in cash and 1.2p in Blue Oar shares is "opportunistic" and undervalues the company.

Blue Oar today made it clear it may push ahead with the offer without the approval of the Dowgate board.

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