UK retailer Superdry drops after extension of offer deadline

Superdry

01/03/2024 08:39

** British fashion retailer Superdry  SDRY.L  shares down 8%
at 367.3 p
    ** The retailer extends the deadline for the co-founder and
CEO Julian Dunkerton to make a final decision on making an offer
for the shares he does not already own in SDRY
    ** The deadline is extended to March 29 from March 1
    ** Sky News last month reported that U.S. asset manager
Davidson Kempner was in discussions with Dunkerton about backing
an offer for the clothing company
    ** Sky also said RCapital and Gordon Brothers were also in
talks over a bid to take the troubled retailer private 
    ** As of last close, SDRY stock was down ~67%

   

 (Reporting by Radhika Anilkumar in Bengaluru;)
 ((Radhika.Anilkumar@thomsonreuters.com;))