BN Confidential
Steinhoff’s $4bn US buy Mattress Firm is bust, gets $925m bailout
There have been so many bad news announcements from Steinhoff that it would be easy for shareholders to miss 'the biggest one of them all.
By Alec HoggÂ
There have been so many bad news announcements from Steinhoff that it would be easy for shareholders to miss 'the biggest one of them all, released via SENS this afternoon.
But I'm astonished to see that some traders are actually interpreting the information positively, punting the shares 13c (6%) higher to 248c, Maybe they expected even worse, although that's hard to imagine.
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