Rocky Mountain Chocolate Factory Inc on Wednesday said there were "numerous issues" with a supposed takeover offer from PST Capital Group Ltd, revealed in a securities filing. Rocky Mountain said it received a letter from PST with the address on the envelope handwritten. It was addressed to the chairman of the board, whose name was misspelled.Furthermore, Rocky Mountain said the return address listed a law firm that, when contacted, said it did not represent PST.The offer was revealed in a U.S. securities filing on Tuesday. The filing listed a phone number for PST's legal director, Steve Johnson. A phone call to that number was forwarded to a message that said, "Your party is not answering. Please try your call later."
Rocky Mountain Chocolate Factory, Inc. is an international franchisor and confectionery manufacturer. Shares of RMCF remained unchanged at $10.60. 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 21210.
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