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Coronavirus impact: 28 May - boohoo illustrates the perils of short selling

Boohoo repels short sellers

A properly constructed short attack should contain more damning evidence than the weak effort on boohoo, AIM’s largest company.

boohoo: illustrates the perils of a poor short attack

Shares in boohoo Group (LON: BOO), the leading online fashion group and AIM's largest company, rose strongly as it announced the acquisition of the remaining 34% of shares in Limited ("PLT") from its minority shareholders Umar Kamani, son of the founder of BOO, and Paul Papworth. The initial consideration is £269.8m potentially rising to £323.8m, with the acquisition expected to be significantly earnings enhancing on a…

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