N Brown (GB:BWNG) has released an update.
N Brown Group PLC is set for a significant change as it agrees to a cash acquisition by Falcon 24 Topco Limited, a company owned by Joshua Alliance. The acquisition, which will be conducted through a Court-sanctioned scheme of arrangement, has cleared a major hurdle with the Guernsey Financial Services Commission approving the deal. The completion now hinges on shareholder and court approvals.
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