Candy Ventures which had shown its interest in making an offer for The Hut Group (THG) has walked away, as has another party Belerion Capital Group. THG is on record as having said that the approaches from interested parties were unacceptable and undervalued the company.
Shortly after it floated in 2020 THG’s share price hit an all-time high of 796p. It is now below £1.10 and fell to 83p when Candy Ventures withdrew its interest in the business.
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