RE: Boohoo downgraded22 Oct 2024 11:35
Does the below sound familiar??? Anyone trying to plug the fire sale idea here is deluded... Debs alone worth more than the total mcap here....
"After thorough consultation with its advisers and considering the above, the Board unanimously concludes that the Possible Offer is not viable. The Company will instead focus on enhancing its commercial performance.
The Board reaffirms the statement made during the announcement of the Company’s audited results on 27 September 2024:
“We believe that the combination of appointing a new CEO, securing a new debt facility, and the capital raising announced today will establish a strong foundation for the Group’s future growth.”