20.03.2013 - M&S jumps 9pct on back of 'bid move' by Qatar sovereign fund
Marks & Spencer Group Plc, the UK's largest clothing retailer, rose the most since March 2009 in London trading on speculation the Qatar Investment Authority (QIA) is considering an 8bn (9.3bn) offer. The stock gained as much as 9.4pc to 407.4p and was up 7.9pc at 402p at the opening, boosting the company's market value to 6.5bn. QIA has approached banks and private-equity houses, including CVC Capital Partners, to assemble a group to make a move on the London-based retailer, according to weekend reports, citing senior sources in London's financial district...............................................Full Article: Source
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