Summary
TAKEOVER talk surrounding Marks & Spencer took a bizarre twist yesterday when an almost unknown businessman said he was preparing a GBP 10.5 billion knock-out bid.
Shares in the high-street giant lurched one way then the other before closing up 1.8 per cent or 6.5p to 374p. The value of the bid was put at 410p - more than Philip Green was prepared to pay last summer.See the full content of this document
Extract
Mystery Bidder Linked with M&S
The high-risk move came from South African venture capitalist Mark Palsmeier, who revealed late yesterday afternoon that h...
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