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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Revolution Beauty mulls takeover bids after putting itself up for sale

Revolution Beauty Group PLC (AIM:REVB) said it is evaluating bids from "a number" of potential companies interested in a takeover, as well as mulling potential funding options.

The cosmetics company, which was meant to report results today, put itself up for sale last month after receiving some initial expressions of interest, setting yesterday as a deadline for possible offers.

"The board of the company confirms it has received proposals from a number of parties," it said, which its board and financial adviser are evaluating.

It may then provide further access to its books for the interested parties to conduct due diligence.

"In addition, the company continues positive engagement with its shareholders, including in respect of an equity raise, and is making encouraging progress on its cost structure and go to market strategy," it said.

It was also stressed that there is no certainty that an offer will be made for the company.

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