Next Soars to a Record As Offer Buzz Builds Up ; Market Round-Up

Evening Standard - London › March 29, 2007

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Summary

SHARES of High Street fashion retailer Next traded at record levels today on the belief that a private-equity company is lining up a blockbuster offer of i5.67 billion.

The shares led the Footsie 100 index higher as they raced up 56p to an eyewatering 2283p, with City speculators excitedly talking about an offer worth 2500p a share.

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Extract

Next Soars to a Record As Offer Buzz Builds Up ; Market Round-Up

The shares have soared from about 2069p since the start of the month, fuelled by better-than-expected fullyear results that caught stock market bears on the hop. They had sold...

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