Superdry surges on report of US investor's talks with CEO for takeover bid
20/02/2024 08:23
** Shares in British fashion retailer Superdry SDRY.L up
17.9% at 40.05 pence in early trading; top gainer on FTSE 350
.FTSC index
** U.S. asset manager Davidson Kempner, owner of Britain's
Oak Furnitureland, is in talks with SDRY co-founder and CEO
Julian Dunkerton about backing an offer for co, Sky News reports
** Dunkerton, who is also SDRY's top shareholder, has been
considering making a cash offer for the shares he does not
already own, among other options, co said last month
** SDRY shares, which lost over 70% in 2023 after a series
of performance warnings, are up ~13% this year amid takeover
talks
(Reporting by Eva Mathews in Bengaluru)
((Eva.Mathews@thomsonreuters.com;))