Report
Bonmarché rejects Philip Day's takeover offer
Bonmarché’s board of directors have urged shareholders to reject a takeover bid made by Edinburgh Woollen Mill owner Philip Day. Last month, Day bought a new stake in Bonmarché via his Dubai-based investment firm, Spectre, giving him a 52.4 percent in the retailer, and by doing so triggered a mandatory takeover bid. At 11.445p per share, the...
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