Billionaire keeps £6m offer for Bonmarché open despite rebuff
Spectre Holdings, the vehicle of billionaire Philip Day, has said it will keep open its offer for Wakefield-based high street retailer Bonmarché “until further notice”.
In a market update yesterday, Spectre said it had reviewed a circular sent by the board of the retailer to its shareholders, and that it would “now take a step back and see if the Bonmarché board can deliver on the plans and strategy it has set out”.
It originally made the offer, which amounts to £5.73m, in April, following the acquisition of 52% of t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...