M&S in spotlight on report of Qatari bid interest

Written By Unknown on Sunday, 17 March 2013 | 08:45


LONDON |
Sun Mar 17, 2013 1:35pm GMT

LONDON (Reuters) – British tradesman Marks Spencer (MKS.L) was during a core of uninformed bid conjecture on Sunday, with takeover speak resurfacing after a year of diseased trade and a prosaic share price.

According to The Sunday Times, a Qatar Investment Authority (QIF.L), a Gulf state’s emperor resources fund, wants to arrange a consortium to mountain an 8 billion pounds ($12.1 billion) takeover of Britain’s biggest wardrobe retailer, that also sells homewares and food.

The journal cited comparison City sources as observant a QIA, that is already a 26 percent shareholder in Britain’s No. 3

Read full article: http://www.bbc.co.uk/news/world-asia-china-21819494


Source:
http://www.news.ezonearticle.com/2013/03/17/ms-in-spotlight-on-report-of-qatari-bid-interest/

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