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BRIEF-Hornby recommends shareholders reject offer by Phoenix UK Fund
July 4, 2017 / 6:28 AM / in 3 months

BRIEF-Hornby recommends shareholders reject offer by Phoenix UK Fund

July 4 (Reuters) - Hornby Plc

* Hornby directors “believe that offer does not reflect an adequate premium for control and significantly undervalues hornby”

* Hornby directors, advised by Numis Securities as to financial terms of offer, unanimously recommend that hornby shareholders reject offer

* Hornby directors recommend shareholders should take no action in relation to offer; should not sign document sent by Phoenix UK Fund or advisers Source text for Eikon: Further company coverage:

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