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Birmingham Post

Business

Jon Robinson

Investment companies decide against making £2.07bn offer for THG

THG Iain McDonald King Street Capital Management

Two investment companies behind a £2.07bn takeover bid of THG have confirmed they will not make a formal offer for the company.

Belerion Capital and King Street Capital Management made the announcement after they first revealed the unsolicited offer of 170p per share last month.

Under the London Stock Exchange's rules, the companies had to state by June 16 whether an offer will be made or not.

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