Unbound Group gains amid talks with WoolOvers over possible cash offer
28/03/2023 10:55
** Shares of online fashion retailer Unbound Group Plc
UBGU.L surge 87.5% to 7.5p; highest in almost three months
** If gains hold, stock set to post record intra-day pct
rise
** In talks with WoolOvers Group Ltd for a possible cash
offer for Unbound
** Under possible offer, UBGU shareholders to receive 10.5
pence in cash and 1 contingent value right per Unbound share
** Adds that possible offer represents premium of about
162.5% to co's last closing share price of 4p
** Unbound says would recommend offer by WoolOvers Group if
it announces firm intention to make an offer
** As of last close, stock down 48% YTD
(Reporting by Hani Kollathodi in Bengaluru)
((Hani.Kollathodi@thomsonreuters.com;))