From May 20221 Sep 2022 16:10
THG says it will not proceed with any of the recent approaches for the online firm which were “unacceptable and significantly undervalued the company”.
In a statement, it said all approaches had been unsolicited and “after consulting with THG’s major shareholders and taking advice from the Company’s advisors, the Board has not considered it appropriate to provide due diligence access to any of these parties,”
It continued, “the board has determined that it is not appropriate to seek an extension to the deadline set out in the company’s announcement dated 19 May 2022.”
I want my 170 Moulding!