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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.


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