SPQR and BlueGem in Auction for Panmure Gordon & Co

May 8th, 2009
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Reuters reports that SPQR Capital, which is run by Bertrand des Pallieres, is seeking to buy 43% of British stockbroker Panmure Gordon & Co for approximately $25 million. As part of the offer, SPQR has stipulated that Pallieres would assume the role of executive chairman at the company. SPQR bid is higher than a previous bid that was submitted by BlueGem Capital Partners, a private equity firm. It is suspected that a third party is also in the bidding process and that Panmure will accept the best offer sometime later next week.
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