Mattress seller eve Sleep (LON: EVE) is in talks to acquire rival Simba and trading in the shares has been suspended.
The discussions are said to be at an early stage so the suspension could go on for a while. Due diligence has not been completed. The suspension will continue until an admission document is published or the deal is not deemed to be a reverse takeover or the deal does not go ahead.
The business models are similar, and both are losing money. AIM-quoted eve Sleep has £12.5m in cash to help to finance the continuing losses. Earlier this year, Simba tried to raise £10m at a ...
