The sale of struggling Eclipx business Right 2 Drive could be pushed down the road by about six months to offer the company a chance to boost its value.Some sources believe the recently appointed chief executive, former UBS banker Julian Russell, does not want a divestment of accident car loan provider Right 2 Drive to be deemed a fire sale.Keeping the business for six months acts not only as a poison pill for any Eclipx suitor hoping to buy the company cheaply but offers time to improve the business so a higher price for the operation can be sought.READ NEXTNEW YORK FASHION WEEKDesigner outlines creative driveGLYNIS TRAILL-NASHInvestors will no doubt learn more when it hosts its strategy day in about two weeks.The Right 2 Drive business has been split out as non-core from the overall Eclipx operation and any buyer would have to pay a price higher than what it would cost to run off.
The sale of struggling Eclipx business Right 2 Drive could be...
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