Kathmandu board again urges shareholders to reject Briscoe's hostile takeover bid

Wed, 02 Sep 2015

By Fiona Rotherham Sept. 3 (BusinessDesk) - The increasingly hostile takeover offer for Kathmandu has seen the outdoor clothing chain retailer’s board reiterate today that the offer from Briscoe Group is inadequate and urged shareholders to reject it. The directors were responding to a statement yesterday from Briscoe, the retailer controlled by managing director Rod Duke, which warned it won’t lift its price to buy Kathmandu. Briscoe said the original terms at an implied $1.80 a share offer in cash and scrip will remain and it won’t b...

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