UK: Silk Inds Reveals Details Of MBO Proposal
The firm, which supplies fashion houses including Christian Dior, said in a news release the offer values the fully diluted share capital of Silk at around £5.3 million.
Tayvin was formed by Silk's management team and is headed by executive chairman, David Tooth.
Last week the company reported a pre-tax profit of £1.11m versus £1.06m in 2002 although sales fell to £11.23m from £12.2m.
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