The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Ted Baker Plc gained on a report that Authentic Brands Group Inc is in talks with the UK fashion chain over a takeover bid worth about 300 million pounds ($379 million).
Authentic Brands has indicated it’s willing to pay more than 150 pence per share for Ted Baker, Sky News reported, citing a person familiar with the situation. The shares rose as much as 3.1% in early London trading on Monday. They had lost about a quarter of their value in the past year.
A spokeswoman for Ted Baker declined to comment.