Candy Ventures is in the very early stages of considering a possible takeover bid for THG Plc (LSE:THG). There can be no certainty that any offer will be made, nor as to the terms of any such offer, the suitor said in a brief statement on May 19, 2022 that was released following media speculation on the matter. Financial details were not provided.

At the same time, THG separately confirmed that it has received and rejected a third unsolicited, highly preliminary and indicative non-binding proposal of 170 pence per share from Belerion Capital Group Limited, together with King Street Capital Management, to acquire the company. The target company's board has determined that the latest bid significantly undervalued its business and its future prospects.