Harworth hits back at Peel’s £583m ‘opportunistic’ takeover bid
Harworth has branded Peel’s £583m takeover bid an opportunistic raid on a company whose share price has been hit by market turmoil - accusing its biggest shareholder of trying to snap up its valuable land bank on the cheap.
The Rotherham-based regeneration giant delivered a stinging rejection of Peel’s 172.5p-a-share cash offer, insisting the bid “fundamentally undervalues” the business and its prospects.
The announcement came just 24 hours after Peel launched its own detailed critique on Harworth, tearing into its fina... 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...
