More than 55% of shareholders reject offer for GANT

Shareholders representing more than 55% of the shares in GANT Company AB have declared that they will not accept the unsolicited public offer for the company made by Maus Frères S.A.Shareholders rejecting the offer include four of Gant’s major master franchisees as well as the three founders of GANT Company AB including families and affiliates.Pedro Silva, master franchisee for Portugal, Brazil and Angola holding approximately 9.9% of the shares in GANT, comments:– I have worked together with the Swedish founders for over 20 years and with GANT on the retail side since 1991. I see