RE: Thoughts10 Jun 2022 13:24
The Board of THG notes the recent press speculaon and confirms that it received a third unsolicited, highly preliminary and indicave non-binding proposal of 170 pence per share from Belerion Capital Group Limited ("Belerion"), together with King Street Capital Management, L.P. ("King Street") (collecvely, the "Belerion Consorum") to acquire the enre issued and to be issued share capital of THG (the "Proposal").
The Board of THG considered the Proposal, together with its financial and legal advisers, and concluded that it significantly undervalued the Company and its future prospects, and accordingly unanimously rejected the Proposal.
LETTER TO SHAREHOLDERS
The Board of the Company confirms that Iain McDonald has not been involved in the consideration of either Possible Offer or any other offer received by the Company.
So is this Belerions third attempt?