Announced
Financials
Sources
Tags
Apparel Retailers
clothing retailer
Acquisition
United Kingdom
Cross Border
Majority
Friendly
Pending
Single Bidder
Private Equity
Public
Synopsis
Sycamore Partners, a private equity firm, offered to acquire Ted Baker, a British high-street clothing retailer for $514m. The Board of Ted Baker notes the recent press speculation and confirms that it has received two unsolicited non-binding proposals from Sycamore Partners Management in relation to a possible cash offer for the entire issued and to be issued ordinary share capital of the company.
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