POWERLEAGUE'S owner Patron Capital has confirmed it will not make an offer for rival five-a-side football operator Goals Soccer Centres, leaving the way open for the Ontario Teachers' Pension Plan to complete its agreed £73.1 million deal.
As hopes of a bidding war evaporated, shares in East Kilbride-based Goals plunged 5.5p or 3.7% to 143.5p.
OTPP's private equity arm Teachers' Private Capital (TPC) is offering Goals investors 144p a share in cash.
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