AUSTRALIA: Rebel Sport Shareholders Steer Clear Of Takeover Bid
Rebel Sport shareholders are not rushing to take up retailer Harvey Norman's A$52m takeover bid, Australian News Abstracts reported. Since the offer opened on May 25, just one per cent of the sporting goods retailer's shareholders have accepted the bid. The offer, due to end on July 25, will be withdrawn unless 50 per cent of the shareholders take Harvey Norman up on the deal.
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