Cassell fends off pounds 7.3m takeover

Cassell fends off pounds 7.3m takeover

CASSELL, the publisher, yesterday stepped up its battle against a hostile pounds 7.3m takeover bid from Macmillan Publishers. Investors have been sent a document advising them to reject the Macmillan bid, which values the company at 100p a share. Philip Sturrock, chairman and chief executive, said: "The offer from Macmillan is utterly derisory."