The board of Buymie, the same-day grocery delivery start-up, has accepted an offer from Dunnes Stores to buy the business and informed its shareholders, and loan note holders, they will receive nothing under the deal. In a communication earlier this week, Buymie’s chief executive Devan Hughes said his board considered the deal to be in the best interest of staff and trade creditors. Investors, who put an estimated €18 million into the business, were given a number of days to accept the deal, and nearly all have now accepted allowing it to move ahead. The price being paid by Dunnes…
Cancel at any time. Are you already a member? Log in here.
Read on for just €1
For a limited time, get your first month for €1 and unlock full access to The Currency and The Wall Street Journal – two premium memberships, one subscription.