City File: T Cowie's takeover bid for Henlys heads for close finish
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.T COWIE'S takeover bid for Henlys is heading for a close finish on Tuesday. Cowie, for all its corporate might, has found it a tough task to topple the financially wounded Henlys, hindered by bungling rearguard action by Noble Grossart, its financial adviser.
Cowie should have wrapped this bid up long ago. However, the value of its all-paper terms has been depressed and its arguments of synergy for the enlarged group have lacked conviction.
While Henlys might be better off under Cowie's wing, it still has the capacity to make it as an independent company under its renconstituted board of directors. Stay with Henlys.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments