Poundstretcher drops interest in full Poundland takeover bid
Fortress Investment Group, the private equity firm that owns Poundstretcher, has dropped interest in acquiring all of rival Poundland, fuelling fears of an insolvency filing at the discounter.
Fortress has submitted a revised offer that would take on fewer than half of Poundland’s roughly 530 UK stores rather than buy the whole chain.
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