Summary
MATALAN is set to go private, following a turbulent eight years on the stock market, after founder and chairman John Hargreaves won the backing of the board for an Pounds 817m takeover.
Hargreaves, who founded the value fashion and homewares retailer in 1985, offered 200p a share for the 46.5pc of the business he and his family don't already own. This is a far cry from the 773p the shares hit in 2000 when Matalan was in its heyday. But the retailer's independent directors reckon 200p a 21pc premium to the share price before the deal became public was a good offer.See the full content of this document
Extract
Hargreaves' Pounds 817m Matalan Buyback
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