Armaguard shuns $26 million lifeline offer from retailers, banks
Inside Retail
APRIL 5, 2024
Cash handling company Armaguard has refused a $26 million lifeline offer from local retailers and banks after its parent Linfox decided to inject cash into the business for its continued operations. A consortium led by the Australian Banking Association (ABA), the Commonwealth Bank, NAB, Westpac, ANZ, Coles , Woolworths , Wesfarmers and Australia Post previously made the offer to Armaguard with a deadline to respond by last week.
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