Retail Human Resources plc
Matalan shareholders say yes to takeover
30 November 2006 09:46
Matalan shareholders have voted in favour of the proposed takeover by Missouri Bidco Limited, the company formed by chairman John Hargreaves for the purpose of buying Matalan. In a statement, Matalan also announced the resignation of Phil Dutton, the company’s finance director. Mr Dutton plans to step down on January 9th provided that the takeover has gone ahead before that date. Geoff Brady, deputy chairman of Matalan, said: "Phil has been a well-respected and committed part of the board throughout his term of office. On behalf of the board, I would like to thank Phil for his contribution and wish him all the best for the future."
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