Dunelm shares gain on rumours of possible MBO bid by founding family - speculative report
21 APR 2018
Dunelm Group’s [LON:DNLM] share price gained 2.77% on Friday, 20 April on market gossip about a possible MBO bid by the UK-based furniture retailer’s founding family, the Financial Times reported. The newspaper’s market report section did not cite a source for the rumour.
Dunelm’s life president Bill Adderley and his son William, the company’s deputy chairman, control a stake of more than 50%, the item noted.
Dunelm’s share price closed 15.5p up at 575.5p in London on Friday, giving the company a market capitalisation of GBP 1.16bn (EUR 1.31bn).
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