Briscoe unveils five-for-9 cash and scrip offer for Kathmandu

Fri, 24 Jul 2015

By Suze Metherell July 24 (BusinessDesk) - Briscoe Group, the retailer controlled by managing director Rod Duke, is offering Kathmandu Holdings shareholders a mixture of cash and scrip which equates to a 5 cent premium on the outdoor equipment retailer's last share price. Auckland-based Briscoe is offering Kathmandu shareholders five Briscoe shares for every nine Kathmandu share as well as 20 cents, in a bid to buy the remaining 80.1 percent of the stock it doesn't already own, in offer documents lodged with the NZX. The offer considerati...

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