Waterstone's founder bids to buy back chain

The founder of Waterstone’s today confirmed he was trying to buy the book chain back for £280m (€405m) – but only if owner HMV drops its interest in rival Ottakar’s.

Waterstone's founder bids to buy back chain
Mon, 24 Apr, 2006 - 11:29

The founder of Waterstone’s today confirmed he was trying to buy the book chain back for £280m (€405m) – but only if owner HMV drops its interest in rival Ottakar’s.

Tim Waterstone went public with his private equity-backed offer amid fears that HMV was stalling for time so it could decide whether to revive its campaign for Ottakar’s.

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