Armor Group forced to abandon acquisition after spending $2m on fees

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Armor Group forced to abandon acquisition after spending $2m on fees

6th December 2007, 23:40:PM

Armor Group, the security company chaired by former defence secretary Sir Malcolm Rifkind, said yesterday that the credit crisis had forced it to abandon a planned strategic acquisition. The company said it would write off $2m (£990,000) in professional fees incurred during the negotiation process.

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Tags: business, credit, crisis, defence, secretary, security

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Armor Group forced to abandon acquisition after spending $2m on fees

Armor Group forced to abandon acquisition after spending $2m on fees

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