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Moneysupermarket CEO rejects bid approach
Sun, 07 Sep, 2008
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Moneysupermarket CEO rejects bid approach
Wed, 23 Jul 2008, 15:27:00
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Name
Value
Percent
Change
Moneysupermarket.com
68.25p
-3.19%
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<b>Moneysupermarket.com</b> said its chief executive Simon Nixon, a 54% shareholder, has rejected an unsolicited takeover approach for the price comparison site.<br /><br />"The board of the company notes the recent movement in its share price and confirms that an initial approach regarding a possible offer for the company was today made to Simon Nixon," the group said in a short statement.<br /><br />"The unsolicited approach did not contain indicative terms for any offer and has been rejected by Mr Nixon," it added.<br />
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