| David Jones Ltd. said that a little-known private equity firm, EB Private Equity, had made a 1.65 billion Australian dollar (US$1.67 billion) takeover approach for the company, sending its shares surging.
The upmarket department store chain urged investors to be cautious about the approach and said it had limited information about the bidder or its funding capabilities. A spokeswoman for David Jones said the offer was received via email and did not contain a contact telephone number. "We have responded via email with a request for more information," she said. ..............................................Full Article: Source
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