Saturday, April 5, 2008

MOSB

"Retailer Moss Bros slipped 0.25p to 46.75p despite news that Laura Ashley had bought 250,000 more shares at 47p each to take its stake to 6.48%. Icelandic group Baugur has a 29% shareholding in Moss Bros and has made an indicative offer of 42p a share. Laura Ashley's stakebuilding has led to talk it might compete with any Baugur bid."

http://www.guardian.co.uk/business/2008/apr/05/marketforces