Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMOSB.L Share News (MOSB)

  • There is currently no data for MOSB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Moss Bros Sale Timing Unchanged Despite Brigadier's Hopes To Exit Deal

Thu, 23rd Apr 2020 14:09

(Alliance News) - Moss Bros Group PLC on Thursday said there has been no change to the timing of its potential GBP22.6 million takeover, despite suitor Brigadier Acquisition Co Ltd attempting to pull out of the deal.

Court and general meetings on the takeover will still be held on April 29, the men's formal-wear retailer affirmed.

Moss Bros said: "The takeover panel has informed Moss Bros that it will consider Bidco's request for a ruling and Moss Bros' rebuttal of the basis for any invocation of a condition. However, the process to do so is unlikely to be concluded prior to the court meeting and general meeting taking place."

Brigadier, which owns Crew Clothing, a UK casual-wear retailer, is attempting to lapse its offer for Moss Bros. Moss Bros agreed to Brigadier's takeover bid in March.

Moss Bros noted that Brigadier "may not invoke a condition" which would mean the takeover did not have to proceed, "unless the circumstances which give rise to the right to invoke the condition are of material significance" to Brigadier in context of the offer.

"The board confirms that it will take all necessary action to make its case that those requirements have not been met and that the offer should not therefore be permitted to lapse," Moss Bros said on Wednesday.

Moss Bros shares were 13% higher at 18.01 pence each in London on Thursday afternoon.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
21 May 2014 05:10

UK Earnings, Trading Statements Calendar - Week Ahead

UK Earnings, Trading Statements Calendar 
Read more
21 May 2014 05:10

UK AGM, EGM Calendar - Week Ahead

UK AGM, EGM Calendar
Wednesday, May 21
Read more
20 May 2014 15:28

UK AGM, EGM Calendar - Week Ahead

UK AGM, EGM Calendar
Wednesday, May 21
Read more
20 May 2014 15:27

UK Earnings, Trading Statements Calendar - Week Ahead

UK Earnings, Trading Statements Calendar 
Read more
20 May 2014 05:36

UK AGM, EGM Calendar - Week Ahead

UK AGM, EGM Calendar
Tuesday, May 20
Read more
20 May 2014 05:36

UK Earnings, Trading Statements Calendar - Week Ahead

UK Earnings, Trading Statements Calendar 
Read more
19 May 2014 15:41

UK Earnings, Trading Statements Calendar - Week Ahead

UK Earnings, Trading Statements Calendar 
Read more
19 May 2014 15:41

UK AGM, EGM Calendar - Week Ahead

UK AGM, EGM Calendar
Tuesday, May 20
Read more
19 May 2014 05:30

UK Earnings, Trading Statements Calendar - Week Ahead

UK Earnings, Trading Statements Calendar 
Read more
19 May 2014 05:30

UK AGM, EGM Calendar - Week Ahead

UK AGM, EGM Calendar
Monday, May 19
Read more
16 May 2014 15:43

UK Earnings, Trading Statements Calendar - Week Ahead

UK Earnings, Trading Statements Calendar 
Read more
16 May 2014 15:43

UK AGM, EGM Calendar - Week Ahead

UK AGM, EGM Calendar
Monday, May 19
Read more
30 Apr 2014 11:11

DIRECTOR DEALINGS: Moss Bros Chiefs Exercise Options, Sell Shares

LONDON (Alliance News) - Moss Bros Group PLC Wednesday said Chief Executive Brian Brick and Finance Director Robin Piggott exercised options and sold the shares at a price of 115 pence per share Tuesday.

Details are as follows.

Read more
15 Apr 2014 11:46

DIRECTOR DEALINGS: Moss Bros Group Directors Awarded Shares

LONDON (Alliance News) - Moss Bros Group PLC Tuesday said Chief Executive Brian Brick and Finance Director Robin Piggott were awarded 69,696 and 35,930 shares each, respectively, at no cost under the Deferred Bonus Award scheme Monday. Shares in the men's clothing company were trading at 11

Read more
27 Mar 2014 14:37

Gay couples to tie the knot in first same-sex marriages in Britain

* England and Wales legalised gay marriage in July * Civil partnerships were just not enough, say activists * Churches remain opposed to homosexual marriage By Julia Fioretti LONDON, Mar 27 (Reuters) - Peter McGraith and David Cabreza will marry in London a stroke after mi

Read more

Quickpicks are a member only feature

Login to your account