“KPMG was appointed to handle the deal on Friday after shareholders rejected a proposal that would have paid them 1p per share.”
Source: Sky News
At the end of the day, the shares were worth around 0.95p which was a huge drop from their 485p in 2008. The article also says that Mouchel has promised that the takeover will not disrupt its daily operations.
Not good methinks, what do you think of the news? Do you own shares in Mouchel?
