THG Plc (THG.L)
LSE - LSE Delayed price. Currency in GBp
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- Financial Times
THG shares jump 25% but fail to hit price of rejected bid
Shares in THG rose as much as a quarter on Friday after the ecommerce company disclosed it had rejected a £2bn bid approach from a firm led by one of its own directors. Belerion is an investment firm specialising in early-stage ecommerce and technology companies, which also runs a concentrated equity fund. Its founder and chief investment officer, Iain McDonald, is a non-executive director at THG — formerly The Hut Group — and is thought to be close to Matt Moulding, the online retailer’s founder and chief executive.
- Financial Times
THG: higher entry prices sought from bidders
Aware of the prevailing winds, THG has set out steps to enhance value both operationally and in corporate governance
- Yahoo Finance UK
THG shares skyrocket after takeover interest from Nick Candy
The share price, which was down 4% at close on Thursday, jumped as much as 27% in early trading on Friday.
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