Summary
SHARES in Marks Spencer were set for another rollercoaster ride today as speculation mounted that Philip Green's audacious takeover approach could spark a Pounds 10 billion bidding war for the group.
American retail giant Wal-Mart, which owns Asda, has long been keen to expand in Europe and is said to be considering an approach for Britain's biggest clothing retailer. Last year it was blocked from bidding for the Safeway supermarkets chain on competion grounds.See the full content of this document
Extract
Green Move May Spark a Bidding War for Ms
Green's move stunned the City yesterday. The late afternoon announcement was forced by a sharp rise in the MS share pri...
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