Independent expert Grant Thornton Corporate Finance has advised that Somers Ltd’s offer of A$1.17 a share for Thorn Group is fair and reasonable, despite its estimate that an orderly resolution would realise between $1.15 and $1.22 a share.
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The directors of finance company Thorn Group have thrown in the towel, agreeing to sell what is left of the struggling company to major shareholder Somers Ltd.
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