Simply Be owner N Brown agrees £191m takeover by founding Alliance family member
by Sarah Butler and agency from World news | The Guardian on (#6RHE0)
Joshua Alliance to take company private, paying 40p in cash for each share not already owned by himself and family
The Simply Be and JD Williams fashion retailer N Brown has agreed a 191m takeover by a member of its founding family, Joshua Alliance.
Alliance will pay 40p in cash for each share of N Brown stock not already owned by himself and his family. Shares rose more than 40% after the announcement, to 38.5p.
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