Browsing Tag
Peel Pepper
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Harworth (LSE: HWG) targets ÂŁ7.4m cost savings as board fights 172.5p Peel cash bid
Harworth Group has quantified at least £7.4 million of annualised cost savings as part of its defence against Peel’s 172.5p-per-share cash offer, arguing that a simpler powered-land and industrial platform can generate higher standalone returns.
Inside the Harworth-Peel standoff: 172.5p cash against 224.4p per share NDV
Harworth's board unanimously rejected Peel Pepper's 172.5p cash offer as opportunistic, but the bid discounts EPRA NDV of 224.4p by nearly a quarter.