WH Smith shares slide after takeover collapse

Shares in WH Smith slumped 4% today following the suspension of talks about a takeover by private equity group Permira.

WH Smith shares slide after takeover collapse
Wed, 23 Jun, 2004 - 17:59

Shares in WH Smith slumped 4% today following the suspension of talks about a takeover by private equity group Permira.

The stock was the top loser in the FTSE 250 Index, falling 13p to 308p, after WH Smith said last night that negotiations about a possible 371p-a-share bid had collapsed.

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