WH Smith 'facing reduced bid'

Private equity firm Permira was today understood to be planning to offer a reduced £850m (€1.2bn) for British retailer WH Smith.

WH Smith 'facing reduced bid'
Sun, 11 Jul, 2004 - 17:00

Private equity firm Permira was today understood to be planning to offer a reduced £850m (€1.2bn) for British retailer WH Smith.

Representatives from the group are reported to have met five banks on Friday to discuss funding for the bid.

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