Well, that’s an extreme case, but it illustrates the kind of trouble a number of listed companies have run into over the past few years as they accrued debt to fund acquisitions.
Last week , it said it was close to finalising a deal to sell Oro Agri after potential buyers came forward with an offer that it said deserved the consideration of its board. Now, if the offer was too good to refuse, that makes me think it European-based sports nutrition company Scitec in 2016. While it’s unclear how much it will fetch for Remedica, it pocketedIt would be nice, at least for investors, if Famous Brands could beat the media with news about its own operations.
Well, a year has now passed since the German investment group threw in the towel, leaving it free under local takeover rules to have another go. And M&R fully expects it. Earlier in 2020, CEO Henry Laas said it was likely to come before the end of the year. So far, nothing though.
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