Tim Drops Buy-Back Bid for His Old Firm

The JournalMay 03, 2006

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Summary


Plans by businessman Tim Waterstone to buy back the book store chain that bears his name fell apart yesterday.

Mr Waterstone said conditions imposed by HMV, the current owner of Waterstone's, had forced his bid team to withdraw their proposal for the business he set up in 1982.

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Extract


Tim Drops Buy-Back Bid for His Old Firm

Earlier HMV revealed that Mr Waterstone's private equity backer, Lazard, had pulled its ...

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