Johnson Shares Soar After Pounds 82.5m Sale Is Revealed ; Company Takes 'Major Steps to Stability'
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Summary
DRY cleaner Johnson Service Group's shares soared yesterday on the back of a deal that should save it from the threat of financial collapse.
The Prescot-based firm's share price rose more than 18% on Monday following its agreement, unveiled on Friday evening, to sell its corporate clothing arm and use most of the pounds 82.5m proceeds to pay-off borrowings.See the full content of this document
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Johnson Shares Soar After Pounds 82.5m Sale Is Revealed ; Company Takes 'Major Steps to Stability'
With Johnson also unveiling a new medium-term banking facility, the group said it had taken "m...
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