Helical confirms turning down recent approaches from potential suitors
Source - SMW
Helical confirmed reports that it had been approached by different companies in the recent past with an offer for the company, but stressed that all proposals did not reflect the value of the company.
'We can confirm that the Company has in the recent past been in receipt of more than one unsolicited approach from different parties,' the company said. 'To date all proposals made have been at a significant discount to the Company's EPRA NAV and therefore in the Board's view did not reflect the fair value of the Company.'
The company said it had been open to engaging with these potential offerors, including allowing due diligence to be conducted.
At 9:44am: (LON:HLCL) Helical Bar PLC share price was +29p at 384p