why did gus complain ?
Answers
Explanation:
GUS (Great Universal stores) made three complaints in the year 1999. GUS was unhappy about the claims made the former Argos board on its plans for a home delivery service and a comparison of trading in its fledgling Dutch operations with those in Ireland. It was also unhappy about payment of success fee payable by Argos to Schroders, its financial advisors, for successful rejection of a bid.
However the takeover panel, unanimously dismissed all GUS complaints. However board has instructed executive of GUS to consider whether an agreement to pay a success fee should be disclosed in the bid process. Panel also directed the executive to prepare a position paper on the issue.
GUS previously denied that it took on the complaint because they believed in retrospect that is overpaid for Argos when it increased its cash offer from 1.6 billion pounds to 1.9 billion pounds
Answer:
GUS (Great Universal stores) made three complaints in the year 1999. GUS was unhappy about the claims made the former Argos board on its plans for a home delivery service and a comparison of trading in its fledgling Dutch operations with those in Ireland. It was also unhappy about payment of success fee payable by Argos to Schroders, its financial advisors, for successful rejection of a bid.
However the takeover panel, unanimously dismissed all GUS complaints. However board has instructed executive of GUS to consider whether an agreement to pay a success fee should be disclosed in the bid process. Panel also directed the executive to prepare a position paper on the issue.
GUS previously denied that it took on the complaint because they believed in retrospect that is overpaid for Argos when it increased its cash offer from 1.6 billion pounds to 1.9 billion pounds
Explanation: