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Sports Direct’s Ashley Buys 11% Stake in House of Fraser: Times 2014-04-06 06:49:01.595 GMT
By Gaurav Panchal April 6 (Bloomberg) -- Sports Direct’s Mike Ashley bought stake from Scottish entrepreneur Tom Hunter a week ago, Sunday Times reports, citing unidentified people. Sunday Times: * Ashley bought Hunter’s stake with view to making full takeover bid * Ashley tried to derail a deal by China’s Sanpower to buy Fraser by offering to buy out other shareholders * Hunter was unavailable for comment, Sports Direct didn’t respond to calls: Times * NOTE: Yday, China’s Sanpower buys 89% stake in House of Fraser: FT
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To contact the reporter on this story: Gaurav Panchal in London at +44-20-7392-0511 or gpanchal2@bloomberg.net To contact the editors responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net Robert Lakin