Mariner Corporation is facing an uphill takeover battle for street and skatewear brand Globe International at the same time it is grappling for support in its $24.5 million bid for stockbroker Wilson HTM Investment Group.

In a target’s statement released on January 7, Globe slammed Mariner’s $19.7 million conditional scrip offer as “inadequate . . . uncertain, speculative", carrying significant risk and of no benefit to Globe, and urged shareholders to take no action.