Original URL: https://www.theregister.com/1998/11/13/prism_managers_bid_to_take/

Prism managers bid to take firm private

is it enough to halt slide?

By Tim Richardson

Posted in On-Prem, 13th November 1998 09:39 GMT

Managers at Enfield-based Prism Leisure plc have offered to buy back the company in a cash deal worth £6.25 million. The offer by Linkwell -- the vehicle created by Prism's management for the takeover -- is for 75 pence a share. Turnover has fallen from a high of £33.5 million two years ago to 31.1 million last year. Profit fell sharply last year to £830,000 from £2.7 million. The CD and computer games wholesaler is highly dependent on the Christmas trade. ®