PRESS: Ted Baker Shares Surge On Private Equity Buyout Report.
(Alliance News) - Shares in Ted Baker PLC surged to the top of the FTSE 250 on Monday after the Sunday Times newspaper reported that the company's founder Ray Kelvin could back a private equity buyout of the fashion retailer.
The newspaper reported that Kelvin, who resigned as chief executive over claims he presided over a culture of "forced hugging", would support a buyout that would take the company private under the existing management. Kelvin owns around a third of Ted Baker.
The stock was up 7.9% at 904.43 pence the best performer in the FTSE 250 on Monday.
By Arvind Bhunjun; firstname.lastname@example.org
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|Date:||Jul 22, 2019|
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