Wine Cellar after Threshers?

Published: 23 July, 2008

Thresher Group has allegedly rebuffed a takeover offer from its smaller rival, Wine Cellar.
According to The Daily Telegraph, Wine Cellar's owner, Maryland Securities, approached Terra Firma Capital, owners of the Thresher Group, with an offer in the region of 150 to 200 million', significantly lower than the 245 million Terra Firma paid for Thresher Group in 2000. The Daily Telegraph story reports that Terra Firma rejected the offer believing it significantly undervalues the company'.
Wine Cellar has just 100 shops, compared to Thresher Group's 2,000 plus.
Thresher Group has been busy restructuring its business under Terra Firma's control, and it now trades under three brands: Threshers, The Local and Wine Rack. It also recently snapped up 200 shops from the defunct Unwins chain.
Thresher Group declined to comment on the story.

Thresher Group has allegedly rebuffed a takeover offer from its smaller rival, Wine Cellar.

According to The Daily Telegraph, Wine Cellar?s owner, Maryland Securities, approached Terra Firma Capital, owners of the Thresher Group, with an offer in the region of ?£150 to £200 million?, significantly lower than the £245 million Terra Firma paid for Thresher Group in 2000. The Daily Telegraph story reports that Terra Firma rejected the offer ?believing it significantly undervalues the company?.

Wine Cellar has just 100 shops, compared to Thresher Group?s 2,000 plus.

Thresher Group has been busy restructuring its business under Terra Firma?s control, and it now trades under three brands: Threshers, The Local and Wine Rack. It also recently snapped up 200 shops from the defunct Unwins chain.

Thresher Group declined to comment on the story.

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