7th Jul 2014 05:53
LONDON (Alliance News) - Mothercare PLC is facing a fresh takeover bid from Destination Maternity after two of the US company's previous attempts were rejected amid investor concerns over the bid amounts, The Telegraph reports, without saying where it got the information.
Ed Krell, Destination Maternity?s chief executive, is reportedly flying into London this week for crunch talks with Mothercare?s major investors. It is understood that shareholders will not be easily convinced that a reasonable deal can be struck, the newespaper.
http://www.telegraph.co.uk/finance/newsbysector/epic/mtc/10949940/Mothercare-to-face-increased-takeover-bid.html
By Steve McGrath; [email protected]; @SteveMcGrath1
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