eve Sleep ends merger talks

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 ...

You are unauthorized to view this page.

Previous articleboohoo accelerates
Next articleMoss Bros switches focus to retail
Avatar photo
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.