James Pascoe group holding up The Warehouse takeover

(Image: NZME)

Fri, 02 Aug 2024

The Warehouse Group has called off talks over a potential takeover by Adamantem Capital after failing to get the support of its third-largest shareholder.Supported by The Warehouse founder and major shareholder Stephen Tindall, the private equity firm last week lobbed in a bid of between $1.50 and $1.70 a share for the struggling listed retailer through a scheme of arrangement.However, on Friday afternoon, the retailer’s chair, Joan Withers, told the market the scheme did not have the “critical shareholder” backing it needed t...

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