Debenhams shares gain on vague chatter of takeover bid from Mike Ashley
Debenhams’ share price gained in London yesterday, 4 March on talk of a takeover bid from Mike Ashley, The Daily Telegraph reported.
The newspaper’s market report mentioned vague chatter that Ashley will table an offer for the listed department store chain, but did not cite a source for the speculation.
Ashley is the controlling shareholder in Sports Direct, a listed, UK-based sportswear retailer.
Debenhams shares closed 3.2p up at 77.85p on the London Stock Exchange yesterday, giving the company a market capitalisation of GBP 954m (EUR 1.15bn).
Source Daily Telegraph