Preview - Please log in to view full article.

Article Date: April 2019
Word Count: 129

Sports Direct Sees Debenham’s Reject Ashley Offer


SPD chief Mike Ashley offered £150 million ($196 mm) in cash to the ailing department store chain, but with the condition that he become CEO, which Debenham’s board rejected. The board said it would only accept a fully funded bid, The Guardian reported, with a credit facility and working capital. Ashley’s proposal had also called for Debenham’s lenders to write off about £148 million of ... Log in to view full article.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.