Partial float offer to Moores family

Partial float offer to Moores family

The Moores family, which controls the Littlewoods group, has been offered a partial flotation of the business as a means of giving some shareholders a means of selling out. If agreed, the float would take place in three to four years' time. The suggestion was made to shareholders at the close of a two-day meeting in London. The gathering comes ahead of the crucial emergency meeting in Liverpool next week, when the shareholders must decide whether to consider further the pounds 1.2bn offer for the group by its former chief executive Barry Dale.