âTotally inadequateâ: Fight over beauty firm McPhersonâs turns ugly
Weâre sorry, this service is currently unavailable. Please try again later.
Dismiss
Save
Normal text size
Advertisement
A war of words has erupted between takeover target McPhersonâs and rich lister Raphael Geminder over a $172 million takeover bid lobbed in late March, with both sides refusing to budge from their respective positions.
The ASX-listed beauty company told shareholders on Thursday to take no action on the takeover bid pitched by Gallin, a subsidiary of Mr Geminderâs family office Kin Group, labelling the offer âutterly opportunisticâ as it undertakes an operational review of the business.