On February 26, 2019, Allensford Pty Ltd announced that The Reject Shop’s shareholders have one week to decide whether to accept Allensford’s on-market takeover bid, which would close on March 5, 2019, and not be extended further. Allensford stated that it is offering to buy shares at $2.70 per share and extended its takeover offer until after the Company revealed its half-year results. Allensford director Nick Perkins stated that the results revealed deficiencies in the company’s current strategy, and urged shareholders to approve the takeover offer on that basis. In response, the Company board has recommended its shareholders vote against the bid, which it believed doesn’t take into account the growth potential of the business.