Summary
MARKS & Spencer yesterday stood firm against retail entrepreneur Philip Green by rejecting a pounds 9bn takeover proposal. The retailer said the cash-plus-shares deal significantly undervalued the group and its prospects.
M&S also revealed that new chief executive Stuart Rose had beg un a review of all aspects of the business to improve value for its shareholders.See the full content of this document
Extract
M&S Rejects Green's Cash and Shares Takeover Bid
The company's financial services division employs 1,500 people at Chester Business Park. Some of ...
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