Summary
The owner of electricals company Comet has rejected a pounds 1.72 billion takeover approach from a private equity firm.
Kesa Electricals, which also owns retail chains Darty and BUT in France, said the offer of 325p a share "undervalues the company and its prospects".See the full content of this document
Extract
Comet Group Rejects Bid
The news of the bid sent shares in Kesa soaring, up 24.5 per cent immediately after the announcement.
A spokesman declined to identify its su...See the full content of this document
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