Sports Direct, a British retailing group, offered to acquire the Findel, a British home shopping company, based in Hyde, Greater Manchester, shares not already held by Sports Direct. The bidder offered 161 pence per Findel share. Sports Direct, which has been an investor in Findel since September 2015, said the offer would help the companies expand on their commercial agreements, which has included test selling of brands from UK’s largest sports good retailer through Findel’s online websites. The board of Findel reaffirmed its previous statements that the offer significantly undervalued Findel and its future prospects, and strongly urged all shareholders to take no action and reject the offer. As the board said: "The Offer of 161p per share is opportunistic and undervalues your Group being at a significant discount to fair value, to the Undisturbed Share Price of 250p and to analyst target prices which range from 300p to 350p" The offer was lapsed on May 3, 2019.