Bank bosses to meet Harvey Nichols directors for talks on Poon's bid

Harvey Nichols’ directors will come face to face with Deutsche Bank fund managers on Tuesday, in response to tycoon Dickson Poon’s plans to take the company private.

Deutsche Bank instigated the meeting after Poon, the chairman of Harvey Nichols, offered to pay £137.5 million for the business at 250p a share.

Harvey Nichols was floated on the London Stock Exchange in 1996 at 270p a share.

Deutsche Bank owns 15 per cent of the store company and believes a fair share price offer would be ‘north of 300p’.

A Deutsche Bank spokeswoman said: ‘The initial concern was that it didn’t look like an attractive offer. That still stands, but we need to hear their (Harvey Nichols) reasons.’