Warehouse buyout off after failing to get Normans’ support
Warehouse chair says the scheme of arrangement proposal didn’t have the critical shareholder backing it needs to proceed.
Warehouse talks ‘not progessing’ the retailer reports.
An approach to potentially acquire struggling NZX-listed retailer The Warehouse Group will not proceed after failing to get support from a key shareholder, the NBR Lister Norman family.
The Warehouse said today the board was not progressing discussions with Australian PE firm Adamantem Capital in
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