March 4, 2019 / 11:07 AM / 16 days ago

Mike Ashley's Sports Direct offers to buy Britain's Findel

March 4 (Reuters) - British retail tycoon Mike Ashley’s Sports Direct International Plc said on Monday it will offer to buy Findel Plc in a deal that values the online retail and education business at 139.2 million pounds ($184.15 million).

Sports Direct, the sportswear firm that is currently Findel’s largest shareholder, said it will offer to buy the remaining shares it does not already hold in Findel for 161 pence per share, a one-pence discount to Findel’s close on Friday.

Findel shares were up 8.6 percent to 176 pence at 1059 GMT. ($1 = 0.7559 pounds) (Reporting by Justin George Varghese in Bengaluru; Editing by Bernard Orr)

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