McPherson’s (ASX:MCP) rejects $172M takeover offer Source: MCP SubscribeBe the first with the news that moves the market Beauty and glamour conglomerate McPherson's (MCP) has rejected a buyout bid it's described as "utterly opportunistic" Rich-lister Raphael Geminder, a stakeholder in the brand, offered $172 million for McPherson's through the Gallin group McPherson's told its shareholders on Thursday to take no action on the offer McPherson's share price has declined since last year in a dampened COVID-19 market and is now under the leadership of a new Chief Executive The beauty brand will release a market update in May, but Gallin and the hopeful buyers are pressuring McPherson's for a new trading update