Matalan Pounds 1.5bn Sale 'Put On Hold'

Daily PostFebruary 12, 2010

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Summary


DISCOUNT retailer Matalan put sale plans on hold yesterday as would-be buyers balked at the pounds 1.5 billion asking price.

Interest from a trio of private equity bidders failed to drum up a big enough offer for Matalan founder John Hargreaves, who has "closed down the potential sale process" for the business.

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Matalan Pounds 1.5bn Sale 'Put On Hold'

The news came as Travelport, the...

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