Pittards rejects unsolicited cash offer - leatherbiz: Leading news sit Leatherbiz

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Pittards rejects unsolicited cash offer

27/09/2013
UK-headquartered leathergoods and tannery group Pittards has announced that it has rejected an unsolicited indicative cash offer.

Following discussion with its major shareholders, the board has decided that the proposed price, while representing a premium to the market price, significantly undervalued the business and its current and future prospects.






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