The parent of Herman's Sporting Goods said...

The parent of Herman's Sporting Goods said it might cut its ties with Citibank, its investment banker, which is also helping to finance a hostile takeover bid for the British retailer. Dee Corp. PLC Chairman Alec Monc said in a statement to shareholders that it was unacceptable that Citibank should approach Dee in a client-banker relationship while simultaneously financing a hostile bid. Monc also said Britain's Monopolies Commission should investigate the 2.04-billion-pound ($3.8 billion U.S.) bid by food firm Barker & Dobson PLC.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
61°