N Brown gets green light for £191m take-private deal

N Brown Group has received approval for a £191m take-private acquisition by Joshua Alliance, the retailer’s non-executive director and fourth-largest shareholder.
The deal moved forward on 17 October when N Brown’s independent directors and Bidco, a company controlled by Alliance, reached an agreement on a cash acquisition. The Alliance family, which holds 53.4% of N Brown’s shares, will now acquire the remaining shares.
This morning (20 December), the acquisition was off