Summary
HOUSE of Fraser revealed last night that it had received a takeover approach but Scottish entrepreneur Tom Hunter, who tried unsuccessfully to buy the retailer three years ago, is not believed to have anything to do with the latest move.
The talk in industry circles was that a venture capital group was behind the "very preliminary" bid approach to the department stores group, which bought the venerable Edinburgh retailer Jenners last year.See the full content of this document
Extract
Venture Capital Group May Be Moving in On House of Fraser
House of Fraser announced it had received a bid approach after a 4.2per cent jump in its shares yesterday to 118p took its stock market worth to ...
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