Fulcrum has issued a detailed further response to Harwood’s proposed tender offer. The Board continues to regard this as an opportunistic manoeuvre against the backdrop of market uncertainty and share price volatility resulting from COVID-19. It has received letters of intent to support the Board and management from shareholders representing 39.87% of the share register, accounting for the majority of institutional shareholders, as well as management. The Board reiterates its recommendation that ....
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Board response to proposed tender offer
- Published:
16 Apr 2020 -
Author:
Greg Poulton -
Pages:
3
Fulcrum has issued a detailed further response to Harwood’s proposed tender offer. The Board continues to regard this as an opportunistic manoeuvre against the backdrop of market uncertainty and share price volatility resulting from COVID-19. It has received letters of intent to support the Board and management from shareholders representing 39.87% of the share register, accounting for the majority of institutional shareholders, as well as management. The Board reiterates its recommendation that ....