THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omnichannel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Ted Baker rejects takeover proposals from Sycamore

Following recent press speculation, Ted Baker has confirmed that it has rejected two unsolicited non-binding takeover proposals from private equity firm Sycamore Partners. In a statement,… View Article

FASHION

Ted Baker rejects takeover proposals from Sycamore

Following recent press speculation, Ted Baker has confirmed that it has rejected two unsolicited non-binding takeover proposals from private equity firm Sycamore Partners.

In a statement, the fashion retailer said Sycamore made an offer of 130 pence for each Ted Baker share on 18 March and submitted a revised proposal of 137.5 pence for each share on 22 March. Both offers were rejected.

Ted Baker said: “The board of Ted Baker carefully reviewed both of Sycamore’s proposals with its advisers and concluded they significantly undervalued Ted Baker and failed to compensate shareholders for the significant upside that can be delivered by Ted Baker as a listed company.

“Ted Baker is a leading global brand with a strong future. The management actions taken over the last two years have put the business on a firm footing and it is now well on the way to recovery following a turbulent period. The Board is focused on delivering value for Ted Baker’s shareholders well in excess of the price offered by Sycamore.” 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News