Bon Marché board rebuffs full takeover offer by billionaire

The Board of Wakefield-headquartered Bon Marché has rebuffed the full offer made by billionaire Phillip Day earlier this monrth as it "materially undervalues Bon Marché and its future prospects." This morning updating the market, Bon Marché responded to the mandatory cash offer of 11.445 pence per Bon Marché share - amounting to £2.73m - made on April 2. Day's firm. Spectre, had already purchased 52% of the struggling listed retailer for £3m - which, under takeover rules, meant that an offer for the full shares had to be mad... For the full story register now for free or login below...
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