Harworth rejects Peel offer and posts first-half loss
Peel-linked entities, already controlling around 30% of Harworth, launched a cash offer in August for the Harworth shares they do not own at 172.5p per share; Harworth rejected the proposal and reported a first-half loss.
Peel Pepper, a company indirectly wholly owned by Peel Holdings, launched a cash offer in August for the Harworth shares it does not already own. 5p offer was pitched at a 36% premium to the three-month volume-weighted average.