PRESS DIGEST- British Business - May 29
May 29 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
March 27 Investment management firm Red Mountain Capital Partners LLC is pushing apparel and accessories maker Deckers Outdoor Corp's board to explore a sale of the company.
The firm, in a letter to Deckers' board on Monday, said the value of a sale to a strategic or financial buyer is substantially higher than the operating plan announced by the company's management on Feb 2.
Red Mountain owns about 3.3 percent of Deckers' outstanding shares. (Reporting by Gayathree Ganesan in Bengaluru)
* unit entered into arrangements regarding acquisition of a 30% interest in each of PPLs 474, 475, 476, 477 and PRL 39 from Exxonmobil affiliates Source text for Eikon: Further company coverage:
* Novo Resources to invest $2m to earn in to new 50/50 gold exploration, development, mining and collaboration jv in Karratha. Source text for Eikon: Further company coverage: