THG rebuffs ‘largely unfunded’ approach for Myprotein from ex-chairman’s firm

THG rebuffs ‘largely unfunded’ approach for Myprotein from ex-chairman’s firm

The cash-and-shares approach from Selkirk valued Myprotein at between £400 million and £600 million, THG said.

THG Rejects Takeover Offer For Myprotein

Online health and beauty retailer THG has rejected a bid for its Myprotein sports nutrition brand from the Selkirk Group, an acquisition vehicle set up last year by former director Iain McDonald. The offer, which valued Myprotein at between £400m (more…) The post THG Rejects Takeover Offer For Myprotein appeared first on KamCity.

THG PLC (LON:THG) Response to the recent media speculation regarding Myprotein

The Board of THG has acknowledged recent media speculation regarding Myprotein and confirmed it received—and subsequently rejected—an unsolicited, largely unfunded, highly conditional, and non-binding proposal from Selkirk to acquire theRead More...

THG rejects ex-director’s takeover bid for Myprotein – Northern Financial Review

Manchester-based online retailing group THG said on Wednesday it “unequivocally rejected” a “wholly unsolicited, largely unfunded, highly conditional and non-binding proposal” from investment vehicle Selkirk to acquire its Myprotein online sports nutrition business. Selkirk was set up by former THG director Iain McDonald. THG said: “The proposal ascribed a headline value to Myprotein of £400m – £600m on a cash-free, debt-free basis. “The majorit…

THG rejects ‘undervalued’ takeover offer for Myprotein

THG’s board has confirmed that it received and rejected an “unsolicited, largely unfunded, highly conditional and non-binding” proposal from Selkirk to acquire Myprotein following recent speculation surrounding the potential deal.  Selkirk’s proposal ascribed a headline value to Myprotein of between £400m and £600m on a cash-free, debt-free basis.  According to THG’s statement, the majority of the consideration offered was in the form of newly-i…

THG rejects ‘undervalued’ £400m-plus offer for Myprotein - Retail Gazette

THG has rejected an unsolicited takeover bid from Selkirk, the investment vehicle led by former director Iain McDonald, for its Myprotein brand, calling the offer “wholly unsolicited, largely unfunded, highly conditional, and non-binding.” The offer, which valued Myprotein at between £400m and £600m on a cash-free, debt-free basis, was primarily structured through newly issued shares from Selkirk. In a statement to the stock market this morning …