Rocky Mountain Chocolate Factory Inc said on Wednesday there were "numerous issues" with a supposed takeover offer from PST Capital Group Ltd, revealed in a securities filing.Rocky Mountain, which makes candy and franchises candy stores, said it received a letter from PST Capital with the address on the envelope handwritten. It was addressed to the chairman of the board, whose name was misspelled.According to Rocky Mountain, the return address listed a law firm that, when contacted, said it did not represent PST Capital.The offer was revealed on Tuesday in a U.S. securities filing, appearing to be from PST Capital. The filing listed a phone number for PST Capital's legal director, Steve Johnson.
Rocky Mountain Chocolate Factory, Inc. is an international franchisor and confectionery manufacturer. Shares of RMCF traded higher by 2.26% or $0.24/share to $10.84. In the past year, the shares have traded as low as $8.40 and as high as $13.97. On average, 15006 shares of RMCF exchange hands on a given day and today's volume is recorded at 80874.
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