Matalan: bids of £210m sought


Matalan: bids of £210m sought

Matalan’s lenders are reported to have placed a £210m asking price for the business and are purportedly prepared to take the business over if the bids fall short. The deadline for non-binding bid proposals was October 21st and a number of bids are understood to have been made. These include one from Matalan founder John Hargreaves who is backed by Elliott Advisers.

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