Comet owner rebuffs takeover bid

The owner of electricals company Comet rejected a £1.72bn (€2.5bn) takeover approach from a private equity firm today.

Comet owner rebuffs takeover bid
Tue, 14 Mar, 2006 - 10:36

The owner of electricals company Comet rejected a £1.72bn (€2.5bn) takeover approach from a private equity firm today.

Kesa Electricals, which also owns retail chains Darty and BUT in France, said the offer of 325p a share “undervalues the company and its prospects”.

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