19.03.2013 - Qatar denial fails to dampen M&S takeover speculation
Marks & Spencer shares surged on speculation that a faltering turnaround effort and flagging profits have left Britainís 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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