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McPherson's (ASX:MCP) rejects $172M takeover offer


McPherson’s (ASX:MCP) rejects $172M takeover offer
Source: MCP
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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 ....

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'Totally inadequate': Fight over beauty firm McPherson's turns ugly


‘Totally inadequate’: Fight over beauty firm McPherson’s turns ugly
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A war of words has erupted between takeover target McPherson’s and rich lister Raphael Geminder over a $172 million takeover bid lobbed in late March, with both sides refusing to budge from their respective positions.
The ASX-listed beauty company told shareholders on Thursday to take no action on the takeover bid pitched by Gallin, a subsidiary of Mr Geminder’s family office Kin Group, labelling the offer “utterly opportunistic” as it undertakes an operational review of the business. ....

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The Runaways - Everything2.com


The Runaways
Hello Daddy, hello Mom! I m your ch-ch-ch-ch-ch-ch-CHERRY BOMB!
The Runaways were an all-girl 1970shard rock/proto-punk band which launched the careers of Joan Jett and Lita Ford. Although the band was largely dismissed at the time as a novelty act by US audiences, they gained a large following in Europe and especially Japan, and have since been credited as being important pathbreakers in allowing women into hard rock as legitimate songwriters and musicians, and have also been viewed as a seminal influence on the then-emerging genre of punk rock. Their best known song is the rebellious teen anthem Cherry Bomb, which Jett wrote for lead singer Cherie Currie as a pun on her first name. ....

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Why the McPherson's (ASX:MCP) share price is sinking lower again


Why the McPherson’s (ASX:MCP) share price is sinking lower again
James Mickleboro | December 10, 2020 10:11am |
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McPherson’s Ltd (ASX: MCP) share price is dropping lower again on Thursday.
At the time of writing, the health, wellness, and beauty products company’s shares are down 6.5% to $1.17.
This means the McPherson’s share price is now down over 65% from its 52-week high of $3.40.
What did McPherson’s announce?
This morning the company announced that its Chief Executive Officer and Managing Director, Laurie McAllister, has resigned with immediate effect.
This follows a dreadful year for McPherson’s which has seen the company’s performance and share price deteriorate materially. ....

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