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Mike Ashley's Sports Direct considers Debenhams bid

 
Debenhams store front Image copyright PA
Mike Ashley's Sports Direct is considering a £61.4m bid to take full control of Debenhams.
Sports Direct already owns a near 30% stake in the retailer.
The potential offer would be conditional on Mr Ashley becoming Debenhams chief executive.
Sports Direct renewed its attack on the Debenhams board, saying it was either incompetent or was co-operating with lenders to wipe-out the investments of shareholders.
It is considering making an offer of 5p per share for Debenhams, more than double Tuesday's closing share price of 2.2p.
Debenhams said it was not making a statement at present, but it has been resisting Sports Direct takeover attempts.
Sports Direct is the biggest Debenhams shareholder, with a 29.7% stake. Brandes Investment Partners, Odey Asset Management, and retail conglomerate Landmark Group are also significant shareholders.


https://www.bbc.co.uk/news/business-47717367
 
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