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Manchester Evening News

World

Jon Robinson

Manchester-based THG sees off £2bn takeover attempt as potential buyers abandon bid

THG Manchester King Street Capital Management

A £2.07bn bid to takeover online retail and software giant THG has been abandoned by the two investment companies behind it.

Belerion Capital and King Street Capital Management have confirmed they will not make a formal offer for the Manchester-headquartered group.

The decision comes after they first revealed the unsolicited offer of 170p per share last month.

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