Macfarlanes advises GAME Digital as Sports Direct increases stake in company to 38.49%

06 June 2019

Macfarlanes is advising long-standing client GAME Digital plc as Sports Direct International plc increases its share in the company to 38.49%.

Sports Direct has been an investor in GAME since 2017. Prior to this increase, it held a 29.9% share and was already GAME’s largest shareholder. As a result of this acquisition, Sports Direct is required to make a mandatory cash offer for all the shares that it does not already hold. The formal terms of this offer will need to be sent to the other GAME shareholders within 28 days.

The Macfarlanes team for this matter is led by corporate and M&A partner Harry Coghill with assistance from senior solicitor Max Mittasch.