Summary
JJB SPORTS saw its shares collapse nearly 20 per cent yesterday after it broke off talks with the private equity giant Cinven and posted dismal first-half sales.
The sports chain, which has blamed the summer weather for its poor trading, said it had held discussions with a potential suitor but decided a suitable offer would not be reached.See the full content of this document
Extract
City Punishes Jjb for Takeover Failure
The third party - confirmed by sources to be Cinven - is thought to have offered too little to tempt chai...
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