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THG plc – dismissively responds to Myprotein offer proposal… from a company whose largest shareholder has as a major shareholder, the founder and CEO of THG!

By Steve Moore | Wednesday 23 April 2025


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Reckoning that it operates “leading consumer businesses”, THG plc (THG) has issued a “Response to media speculation”-titled announcement which includes that it notes recent such speculation on its Myprotein sports nutrition brand and “confirms that it received and rejected a wholly unsolicited, largely unfunded, highly conditional and non-binding proposal from Selkirk to acquire Myprotein. The proposal ascribed a headline value to Myprotein of £400m-£600m on a cash-free, debt-free basis”. With a most recent close 29.045p share price capitalising THG at just above £400 million, does the received Myprotein proposal suggest good value here?
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