Madison MBO delayed

A spanner has been thrown into the Madison MBO works. The £25m buy out by Bowles/Langan/Walmsley and a H Young plc bod should have gone through today, but now won't
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Full details will be posted here soon but, in short, a large H Young shareholder has objected to the MBO, halting it.

Madison insiders say the spanner throwing will delay the MBO, but not derail it.

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