Kin Group’s offer for McPherson’s ‘looks cheap’
Sue MitchellColumnist
Raphael Geminder’s Kin Group may have to lift its “utterly opportunistic” $172 million offer for McPherson’s to secure enough shares to gain board control.
McPherson’s shares have risen almost 20 per cent since last Thursday, when Kin Group subsidiary Gallin launched a surprise on-market takeover offer after building a 4.9 per cent stake over the last two months.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
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