Talks between rival mattress suppliers eve Sleep (LON: EVE) and the unquoted Simba have been called off as trading gets tougher for eve Sleep.
Trading in the shares of eve Sleep was restored on Friday and the share price slumped to 3.3p. That price decline would have made it more difficult to fund a merger with Simba which would require a large share issue either to the vendors of Simba and/or to investors for cash.
AIM-quoted eve Sleep says trading has been worse than expected in recent months. The general market for home goods is weak and there is increasing promotional activity in th...
