The Reject Shop (ASX:TRS) has had a surprise takeover offer from Allensford.
Allensford has appointed its broker Bell Potter to purchase Reject Shop shares through to January 7 at $2.70 per share.
The bid comes after The Reject Shop cut its profit guidance in October.
The board considers the offer 'somewhat opportunistic".
The Reject Shop has engaged Macquarie Capital as its financial adviser and Lander and Rogers as its legal adviser in relation to the offer.