Offer talks end for Millfield

At the end of March, Millfield’s board announced to the London Stock Exchange it had received a “preliminary approach from a third party which may or may not lead to an offer being made at or around the market price”. However in a statement released this morning, Millfield confirmed those discussions have been terminated, although there are no details as to why the talks failed. Since Millfield first revealed the offer, it has sold its holding in RTS Group back to the principal shareholder and managing director, and its chief executive Paul Tebbutt was fined by the Financial Services Au...