"Early last week Flowers confirmed that it was considering an offer, and is understood to have indicated that it would be willing to pay 175p a share for Friends. The group's advisers have, however, recommended to the board that it consider offers only above 200p, according to an insider."
http://www.telegraph.co.uk/money/main.jhtml;?xml=/money/2008/01/27/cnfriends127.xml
Sunday, January 27, 2008
FP.
