Aston Villa rejects takeover bid

ASTON Villa Plc, the soccer club ranked eighth in the English Premiership, rejected a takeover bid from sports financier Ray Ranson.

Aston Villa rejects takeover bid

The offer "significantly undervalues Aston Villa", the Birmingham-based company said in a statement.

The stock gained 9.5 pence, or 4.1%, to a three-year high 242 pence as of 10:30am in London, giving the company a market value of stg£27.6 million (€39.7m).

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