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Investec swings behind Meditor

Carpetright Admiral Wilton CarpetA third large shareholder in Carpetright has said it will support Meditor’s possible £15m offer for the chain.

Investec Asset Management has put its 3.7% shareholding behind the 5p a share offer, increasing the shareholding backing the potential deal to 27.7%.

Aberforth Partners (12.6% shareholding), Majedie Asset Management (6.6%), Soros Fund Management (2.6%) and Countrywide Developments (2.2%) had already said they would support Meditor.

Meditor already owns 29.9% of Carpetright shares along with its banking facilities, overdraft  - both of which are due to expire on 31 December - and a £25.7m loan.

Meditor has until 5pm on 28 November to announce a firm intention to make an offer or if it will not.