6/24/2023 0 Comments Csardas by Diane Pearson![]() ![]() ![]() If it took until March or April, I don't think that for shareholders or for staff living in limbo would be good news. ![]() I welcome the clarity which this decision brings. very happy we're staying independent." He added that the company will continue to listen to credible offers, noting: "This was an unsolicited offer and while it was pitched at an attractive premium, the board considers it imperative that the company remains focused on delivering a strong finish to the year. Quarto CEO Marcus Leaver told the Bookseller that staff he had spoken with since revealing the decision were "universally. The company added: "Recognizing the importance of delivering a strong finish to the year and after carefully considering the interests of all shareholders, the board was not prepared to prolong discussions further to avoid distraction to management at such a critical time of year for the business." It became clear that the regulatory approvals required by the bidder to complete the proposed acquisition were increasingly less likely to be granted on the timeline first indicated." The talks, halted by "mutual agreement" of both parties, were "not progressing to the satisfaction of the board. The Quarto Group, which announced last week that it was in early negotiations with a potential buyer, has ended the discussions, the company said today. ![]()
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