THG rejects ‘undervalued’ takeover proposal for Myprotein
THG has rejected a takeover proposal from Selkirk to acquire its Myprotein brand as it “fundamentally undervalued” the brand and its future prospects.
Ecommerce giant THG said it received and rejected a “wholly unsolicited, largely unfunded, highly conditional and non-binding proposal” from Selkirk to snap up its Myprotein arm.
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