SHARES in Goals Soccer Centres plunged more than 20% after a £73.1 million takeover deal narrowly failed to get investor approval.
Around £14m was wiped off the market capitalisation of the five-a-side football business yesterday after the 144 pence per share offer from the Ontario Teachers' Pension Plan (OTPP) was rejected.
A total of 61 independent shareholders, controlling more than 21.7 million shares, approved the deal giving it 71.4% support, which was just short of the 75% threshold required.
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