News - Midlands
Pointon York declines takeover offers
Market Harborough-based pensions specialist Pointon York has ended its formal sale process by choosing to remain an independent company.
The company told the Stock Exchange that it received several "confidential approach offers" after it began the sale process in September.
However, it ended the sales process as it decided that it was "in the shareholders best interests" to remain independent.
Pointon York had initially targeted a deadline to receive final proposals for the business by the second half of November.
The sale process came after deputy chairman Howard Barrett recently stepped down from the company.
Pointon York has been in business since 1971. It states that the business has assets under administration worth £840m.