UK: Guinness Peat Pulls Out Of Takeover Talks With Dawson
The Guinness Peat Group has pulled out of takeover talks with Scottish cashmere company, Dawson International. And today the Perthshire-based yarn-to-cashmere company, whose Ballantyne and Barrie brands are worn by celebrities all over the world, said it was business as usual. Investment company, the Guinness Peat Group (GPG), which has a 21.3 per cent stake in Dawson, had been in discussions with the company since October. But a statement issued by both parties today said the two companies had mutually agreed to end the discussions because of the "continuing uncertainties" the talks were causing, GPG has pledged its continuing support for Dawson.
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