Q: Do think there is much credibility behind the rumour of a share buyout?
Your take on this would be appreciated. Many thanks.
Your take on this would be appreciated. Many thanks.
5i Research Answer:
The former CEO wants back in, and sent 'a letter' to the company. We would not consider this a solid offer and there are questions as to whether it could even be financed. Last week there were more executive shuffles, and this company needs less leverage and more focus. Anything is possible, of course, but we would not view the current overture as legit.