Newcastle confirm Polygon approach

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Koen Freriks
20 december 2006, 17:50

Newcastle have confirmed they have received a potential takeover approach from US hedge fund Polygon.

The club issued a statement to the Stock Exchange on Wednesday afternoon confirming that St James' Park Group Limited, a consortium backed by Polygon Global Opportunities Master Fund, are among the parties currently in talks with shareholders.

Chairman Freddy Shepherd informed the company's members of the development during Tuesday's annual general meeting, and Wednesday's announcement formalises that in line with Stock Exchange rules following fresh speculation.

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