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Sovereign Wealth Funds Briefing - Categorized | Market

Qatar denial fails to dampen M&S takeover speculation

Posted on 19 March 2013

Marks & Spencer shares surged on speculation that a faltering turnaround effort and flagging profits have left Britain’s biggest clothing retailer vulnerable to a takeover. Investors piled into the stock after a newspaper reported that Qatar was planning a bid, sending the shares up 9.4 percent to a 12-month high.
A source close to Qatar Holding denied the report, but the stock was still up 7.4 percent. Analysts and investors said Marks & Spencer (M&S) could be a target for a private equity firm………………………………………..Full Article: Source


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