Summary
Matalan founder and chairman John Hargreaves yesterday unveiled a deadline-busting deal to take the discount retailer back into family ownership. The breakthrough for Mr Hargreaves came after he won the support of the Matalan board for an offer valuing the business at pounds 817m.
Mr Hargreaves, who already has control over the business as his family owns 53% of shares, published the terms of the offer at the same time as a midday deadline for him to make a bid or walk away.See the full content of this document
Extract
Matalan Founder Seeks Return to Family Ownership
The offer price of 200p a share is in line wi...
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