The following is key information from the Sunday Times article today. See Here for article.
1. Slater and Gordon on the verge of sealing a takeover of Quindell’s legal services division that could eventually value the unit at up to £900m.
2. £640m cash offer.
3. Deal includes future revenue from noise-induced hearing loss cases.
4. Quindell should receive an additional £100m and £300m over the next three years.
5. Expect announcement on or before the 23rd March 2015.
Based on the accuracy of the authors previous reports and market noise I have every reason to believe the contents of the Sunday Times to be accurate.
We now wait to see if Quindell accept or reject the offer.