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The sale was expected as R&Q had previously stated it was in advanced talks regarding a potential sale of its program management unit, Accredited.
The agreement that has been reached will see Onex Corporation buying 100% of the equity interest in Randall & Quilter America Holding Inc., which the holding company of Accredited
Closing the deal is conditional on R&Q shareholder approval, regulatory approval and customary consents from certain R&Q debt providers, the company explained.
R&Q said that the sale of Accredited is at an enterprise value of $465m, which represents an expected equity value of approximately $438 million.
$500m
advance stage of the sell process!!!
https://www.reinsurancene.ws/rq-agrees-accredited-sale-to-onex-at-465m-enterprise-value/
All this mean
company wants to shaft new investors money then do a runner (delist meaning)I would stay away from this crap management.
how can a designer brand go under?
primark is doing extremely well.
super dry problem is management.
go online, closed as many shops as possible.
times moved on.....
How many times Restructuring failed or managed to save Shareholders from getting shafted?
why bother with This risky one when There's the like of......... others