RE: Wtf3 Jul 2023 22:36
Here's the important retractration and corrected paragraphs
In May, it ended talks with US private equity firm Apollo, saying that after a "short period of discussion" to give Apollo the chance to up its offer, its board has opted to "terminate all discussions".
Streeter described the rejection of the bid as being met with "another sigh of disappointment from investors".
Various other investors have fielded interest in a takeover since its IPO, including property tycoon Nick Candy, and a bid from Belerion Capital and King Street Capital Management which valued the firm at £2bn.
Streeter noted that the attempt from Belerion and King Street had come at a 46% premium to the pre-offer price, but despite this, the board "judged that the offer significantly undervalued the company"
UNBELIEVABLE as Victor Meldtew would say