Interserve rejects rival rescue bid

By Martin Ford | 05 March 2019

Doubts have arisen over outsourcing giant Interserve’s rescue deal after its largest shareholder mounted a rival bid.

The company’s board has backed a deal that would involve lenders cancelling £485m of Interserve’s debt, but leave shareholders with just 5% of the company.

Shareholders would then have the right to buy new shares to a maximum of 33.3%.

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