New surge in M and S shares amid bid speculation

Shares in Marks & Spencer surged 4% today amid speculation that a £10bn (€15bn) bidding battle for the retailer was set to break out.

New surge in M and S shares amid bid speculation
Fri, 28 May, 2004 - 15:58

Shares in Marks & Spencer surged 4% today amid speculation that a £10bn (€15bn) bidding battle for the retailer was set to break out.

Billionaire entrepreneur Philip Green announced plans to make a takeover approach yesterday which analysts said was likely to bring other bidders into the fray.

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CourtsBusinessHeathrowPlace: UKPlace: USPerson: Philip GreenPerson: Nick BubbPerson: Beeson GregoryPerson: GreenPerson: Matthew McEachranOrganisation: MOrganisation: Marks & SpencerOrganisation: Wal-MartOrganisation: AsdaOrganisation: SafewayOrganisation: KohlbergOrganisation: Kravis RobertsOrganisation: M&SOrganisation: BHSOrganisation: ArcadiaOrganisation: Miss SelfridgeOrganisation: Top shopOrganisation: Dorothy PerkinsOrganisation: Dresdner Kleinwort WassersteinOrganisation: Investec Securities
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