IN BRIEF: Cavendish rejects interest in debt advisory business
Cavendish PLC - London-based investment bank - Confirms it received interest in the private merger & acquisition and debt advisory business of the company. Says it rejected the interest, and there have been no further discussions. ‘The group’s strategy is to focus on growing and evolving as a full service, fully integrated, small and mid-cap investment bank with the potential for adding additional business offerings rather than reducing them. Cavendish has already generated significant revenues and won a number of live mandates as a result of the integrated business offerings within the group,’ Cavendish says.
Current stock price: 12.08 pence each, up 7.9% on late Tuesday morning in London
12-month change: down 1.4%
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