Ascot: Valuation offered by bidders “does not reflect true value” of the business
Ascot Group CEO Andrew Brooks told staff Monday that after undertaking a “thorough process” and being “encouraged” by investor interest in buying the business, the offers received “did not accurately reflect” the firm’s value and that current owner CPPIB will remain a “committed investor”.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below