Morson management edge closer to takeover
25th June 2012
THE management team looking to complete a buy-out of Morson Group have announced that they have now gained acceptances from 71.4% of shareholders for their £23m offer for the company.MMGG Acquisitions, a company largely owned by Morson's founding chairman Gerry Mason and his chief executive son, Ged. Their bid has been criticised by a number of shareholders - including David Medlock, who had built a stake of more than 6% in the business - for being too low.The offer of 50p per share was a 20% premium to the 41.4p per share Mo......for the full story register now for free or login below...
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