Superdry shares soar more than 100% as company considers going private
Publishing timestamp: 2024-02-02 12:26:51
Summary
Superdry's co-founder and CEO, Julian Dunkerton, is considering taking the company private after a recent slump in sales and falling share price. Speculation of a takeover increased when it was revealed that a Norwegian hedge fund had acquired a 5.3% stake in the company. Dunkerton has requested permission to explore the possibility of making an offer for the company and is in talks with potential financial backers. He has until March 1 to submit an offer or walk away.
Sentiment: NEUTRAL
Tickers: SDRY-GB,
Keywords: retail industry, mergers and acquisitions, investment strategy, apparel retail, superdry plc, business news, breaking news: investing, breaking news: business,