Property tycoon Nick Candy considering bid to take over THG
by Mark Sweney from World news | The Guardian on (#5ZE61)
UK online shopping group runs beauty and nutrition sites and could be target of Candy Ventures
Property tycoon Nick Candy is considering making an offer to buy the 1.4bn online shopping group THG, formerly known as The Hut Group, which recently said it had rejected numerous unacceptable" takeover approaches that undervalue the company.
Candy, a donor to the Conservative party with a fortune estimated at 1.5bn who is married to former Neighbours actor Holly Vallance, now has until 16 June to make a formal bid or walk away under UK takeover rules.
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