re Bonmarche2 Apr 2019 13:46
The retail sector is depressed .. just look at Bonmarche today - a low ball below share price takeover offer.. these guys don't feel the need to make premium bids - ok, MA did state 5p last week and he should honour it IF he goes ahead with a bid but but but .. he can make any offer he likes ..1p ..2p...5p..or higher .. he probably thinks he will get over 50% any way.. he also might not bid at all considering all the debt he will be taking on (at 12% interest rate according to one newspaper this morning).. best option might be to take part in the refinancing to maintain his 29.9% stake .. keep the shares listed.. and wait to see if the company recovers (he will benefit from his investment) or falls.. (he can buy it then in administration)... I don't see another party coming on the scene