Intertain hits back after shares plummet 20%

Canadian operator reassures investors after damning report published yesterday led to trading of its shares being suspended

Intertain has moved to reassure investors after a damning report into its strategy and financial management led to 20% being wiped off its share price and trading suspended yesterday. The 120-page report, published by New York hedge fund Spruce Point Capital, raises numerous questions over Intertain's acquisitions of Mandalay Media, Vera&John, and Gamesys' Jackpotjoy brands,…

Fitzgerald | Gamesys | Jackpotparty | John | JPJ Group | Point | Report | Share Price | Spruce | Vera&john