Styles & Wood: MBO dropped

Styles & Wood, UK retail fit-out specialist and parent of online construction collaboration provider Storedata, has issued a trading update, saying that “the Group’s Order Book has fallen behind its expectations”, indicating its targets for the half year ending 30 June 2008 will not be reached, with full year performance likely to be line with that achieved in 2007. In the circumstances, the company’s executive directors have dropped their management buy-out offer.

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