Clothing & Shoes
N Brown agrees £191m takeover deal by Alliance family
It comes as the bidding company said N Brown was not benefitting from being listed on the AIM market thanks to its current shareholder structure and ‘very low trading liquidity’
N Brown has agreed to a £191m takeover deal that will see Joshua Alliance, a member of the group’s founding family, acquire the company. Alliance, currently a non-executive director of N Brown, made a cash offer of 40p per share through his newly formed company, Falcon 24 Topco.
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