Fledgling bank Shawbrook has rejected a takeover bid from a private equity consortium led by its biggest shareholder that valued it at £825m, declaring it wants to remain listed as it seeks to take on the big banks on the high street.
The UK lender revealed last week it had received a takeover offer from private equity firms Pollen Street Capital and BC Partners for 330p per share in cash.
Shawbrook, which focuses on lending to small and medium-sized businesses, said on Tuesday that it had rejected this approach, even though it was increased from
source http://www.omnipopmag.com/2017/03/07/challenger-bank-shawbrook-rejects-825m-bid/
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