Advertisement

Investor Asher B. Edelman, who holds more...

Investor Asher B. Edelman, who holds more than 5% in Storehouse PLC, in a letter dated Dec. 22 asked to meet with the British retailer about his interest in the company, but Storehouse denied the request. “Following discussion with our advisers, I see no useful purpose in meeting with you at this time,” said Michael Julien, group chief executive of Storehouse, in a letter to Edelman dated Dec. 23. Edelman had notified management that he held a total of 21.4 million shares of Storehouse’s ordinary stock. Storehouse has been a rumored takeover target since November.


Advertisement
Advertisement