A £2.07bn takeover bid from two investment companies has been rejected by THG as a offer emerged from a venture capital firm controlled by property tycoon Nick Candy.
The Manchester-headquartered group has confirmed it had received an unsolicited offer of 170p per share from Belerion Capital and King Street Capital Management.
In a statement issued to the London Stock Exchange, THG said the "significantly undervalued the company and its future prospects" and was "unanimously rejected".
