Subprime lender Amigo says 'reverse takeover' deal terminated
16/11/2023 07:18
LONDON, Nov 16 (Reuters) - A reverse takeover deal
involving Amigo Holdings AMGO.L , Craven House Capital and
various individuals signed last month has been terminated, the
British subprime lender said on Thursday.
"This is disappointing news as the transaction, in the form
of a reverse takeover of Amigo, offered a solution that could
have provided a future for shareholders, offering some small
value that wouldn't be available otherwise," Amigo CEO Danny
Malone said in a statement.
(Reporting by Huw Jones; editing by Jason Neely)
((huw.jones@thomsonreuters.com; +44 207 542 3326; Reuters
Messaging: huw.jones.thomsonreuters.com@reuters.net))