Bonmarché’s board has countered a takeover offer from Philip Day, saying the tycoon’s offer “materially undervalues” the retailer.
Day – owner of Edinburgh Woollen Mill, Peacocks and Jane Norman – is offering shareholders about 11.5p a share.
Under takeover rules, he was required to make an offer for the company after increasing his stake to 52.4% by purchasing shares from the retailer’s former owners.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
