
Australia's River Capital targets UK cake shop chain

River Capital, an Australian investment firm that owns speciality cake retailer The Cheesecake Shop, has been rebuffed by the board of UK-based Cake Box Holdings after submitting a buyout offer for the listed company.
Cake Box said in a filing that it received an unsolicited offer of GBP 1.60 per share from River Capital. It rejected the approach, saying it materially undervalued the company. The price equates to a...
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