Harworth urges shareholders to ‘take no action’ following Peel’s £583m bid
Regeneration specialist Harworth Group has become the target of a £583m takeover bid that could lead to significant job cuts, a boardroom overhaul and a review of its Rotherham headquarters.
Manchester-based Peel Holdings announced the audacious bid with a cash offer for Harworth through Peel Pepper (UK), valuing the company at approximately £582.9m.
However, following Peel's stock market announcement this morning, Harworth later responded saying: "The board has had no substantive engagement with Peel Pepper or Peel about any ... 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...
