TITLE

Green tracks M&S offer

PUB. DATE
February 2005
SOURCE
Cabinet Maker;2/25/2005, Issue 5427, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Philip Green has quashed speculation that he is poised to bid for Marks & Spencer Group PLC. But he may make an offer if anyone else does. His comment came after a South African businessman, Mark Paulsmeier revealed details of a possible 410p a share offer for the chain. This is 410p/share higher than Green's rejected approach, valuing M&S at pound 10.5bn. Paulsmeier is understood to have access to pound 6.0bn of funding but wants the backing of 75% of Marks and Spencer staff before launching an offer.
ACCESSION #
16319293

 

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