Waterstone's poised for sale to EMI venture
Tuesday 24 February 1998
Tim Waterstone, the bookselling entrepreneur who founded the chain, will be non-executive chairman. He will work almost full-time to start with though may take a less hands-on role later on.
The deal will not initially include Mr Waterstone's Daisy & Tom children's shops. Management on both sides felt the due diligence process had already taken long enough and were reluctant to delay the deal any further. However, Daisy & Tom is expected to become part of the group at a later stage.
EMI is leading the joint venture, which also includes Advent International, the US venture capital group which is backing Mr Waterstone.
The completion of the deal could lead to around pounds 250m being returned to shareholders.
- 1 Stephen Fry explains what he would say if he was 'confronted by God'
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 4 Ball pool for adults opens in London
Stephen Fry explains what he would say if he was 'confronted by God'
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
Hard line on immigration could cost Tories the election
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...