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Matthew Riley has joined forces with investors to consider purchasing Daisy, the business communication and IT services provider he founded.
Shares in Daisy Group closed at 175p on Tuesday. At that price the business has a market value of £467.54m.
"This announcement is not an announcement of a firm intention to make an offer and, accordingly, there can be no certainty of an offer being made for Daisy by Toscafund, Penta and/or Matthew Riley, nor as to the terms of any offer. This announcement is made without the Consortium's consent."
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