MARKET REPORT: Takeover bid is a happy end to Cannabis Cookbook publisher Quarto Group’s poor start

A takeover bid diverted attention away from another terrible set of results at ailing publisher Quarto Group yesterday.

Quarto, which publishes controversial books such as ‘The Cannabis Cookbook’ alongside more traditional titles, saw £3.8million added to its value after it revealed an undisclosed takeover bid it deems ‘worthy of due consideration’.

Despite Quarto refusing to identify the bidder and claiming there was no certainty yet that any deal will be made, its mere mention was enough to convince punters it was trying to turn over a new leaf from a weak set of results for the first half of 2017.

Quarto, which has sunk 47.3 per cent so far this year following the departure of its boss and the sale of its New Zealand business, said 2017 has been ‘extremely challenging’ so far due to low order numbers and fewer reprints.

... read more at: http://www.thisismoney.co.uk/money/article-4772912/MARKET-REPORT-Takeover-bid-struggling-Quarto-Group.html

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