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Carphone Warehouse and Dixons Retail extend merger talks - UPDATE

Mon, 24th Mar 2014 11:06

Carphone Warehouse and Dixons Retail have won extra time to thrash out a potential merger, but speculation has emerged that Carphone's rival Phones4u may make a counter-bid.Mobile phone retailer Carphone and Dixons, which owns electrical and computer retailers Currys and PC World, have asked Britain's Takeover Panel to extend a deadline for making an offer from end of business on Monday to 17:00 on May 19th.A joint statement from the two companies said: "Since the announcement of February 24th 2014 was made, when discussions were at a very preliminary stage, both parties have agreed that they require more time to evaluate a potential merger of the two businesses."However, Britain's Sky News has reported that Phones 4u, which has a deal with Dixons to sell mobile phones in 160 of its Currys and PC World shops, has approached Dixons about an alternative merger deal.Entrepreneur John Caudwell launched Phones4u in 1996, but private equity firm BC Partners bought it in April 2011.Dixons and Carphone Warehouse announced last month they were in talks that could lead to a merger, although it has not yet been determined whether the deal would be a 50/50 merger or a takeover by one company of the other.Shares in Carphone fell 17.2p or 5.1% to 322.1p by 15:37 in London while Dixons' shares pared earlier losses to rise 0.3p to 50.2p.PW
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24 Jun 2014 15:08

UK Earnings, Trading Statements Calendar - Week Ahead

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24 Jun 2014 05:26

UK Earnings, Trading Statements Calendar - Week Ahead

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23 Jun 2014 15:23

UK Earnings, Trading Statements Calendar - Week Ahead

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23 Jun 2014 05:29

UK Earnings, Trading Statements Calendar - Week Ahead

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20 Jun 2014 15:31

UK Earnings, Trading Statements Calendar - Week Ahead

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20 Jun 2014 05:27

UK Earnings, Trading Statements Calendar - Week Ahead

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19 Jun 2014 15:03

UK Earnings, Trading Statements Calendar - Week Ahead

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19 Jun 2014 09:48

UPDATE 1-Darty shares up after earnings top forecasts

* FY op profit up 11.2 pct to 73.4 mln euros * Adj. pretax 60 mln euros vs f'cast 55 mln * Shares up 3 pct (Adds details, CEO comments to Reuters, share reaction, analyst) By Dominique Vidalon and Pascale Denis PARIS, June 19 (Reuters) - Darty Plc, Europe's No. 3 electri

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17 Jun 2014 13:16

UPDATE 1-EU regulators to okay $6.4 bln Dixons, Carphone merger - sources

(Adds European Commission decline comment) By Foo Yun Chee BRUSSELS, June 17 (Reuters) - Britain's Carphone Warehouse and Dixons Retail will secure unconditional European Union antitrust approval for their 3.8-billion-pound ($6.38 billion) merger, two people familiar with the matter

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17 Jun 2014 12:57

EU regulators to okay $6.4 bln Dixons, Carphone merger - sources

BRUSSELS, June 17 (Reuters) - EU antitrust regulators will clear the 3.8-billion-pound ($6.38 billion) merger of British mobile phone retailer Carphone Warehouse and electrical chain Dixons Retail without conditions, two people familiar with the matter said on Tuesday. Carphone, Europe's bi

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10 Jun 2014 15:41

Morgan Stanley screens say sell CRH, JD Wetherspoon and many others

Morgan Stanley has put out a note compiling a list of stocks that its stock screens suggested were worthy of selling, including building materials group CRH and pub operator JD Wetherspoon. The note, entitled 'Stock screens suggest selling small caps', contains the latest in the broker's regular s

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10 Jun 2014 08:29

Tuesday tips round-up: Man Group, Dixons Carphone

Analysts like hedge-fund manager Man Group´s drive to diversify away from its flagship AHL fund - the core of the new managemeant team´s strategy. The best example of this better balance are the successful negotiations with regulators so as to be better able to employ the group´s cash reserves now t

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9 Jun 2014 16:05

MARKET COMMENT: UK Stocks Close Mixed; Lloyds, Babcock Down

LONDON (Alliance News) - The FTSE 100 ended slightly higher Monday, while its mid-cap peer index lost ground, in a subdued session that had little in the way of economic or major corporate news to drive it.

The corporate news that there was for blue-chip stocks was mainly negative,

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9 Jun 2014 11:21

UK MIDDAY BRIEFING: Lloyds Prices TSB IPO Below Book Value

LONDON (Alliance News) - Lloyds Banking Group Monday set the price range of the initial public offering of TSB Banking Group PLC on the London Stock Exchange at between 220 pence to 290 pence per share, which would value the spun-off retail bank at about GBP1.28 billion at the

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9 Jun 2014 10:41

TOP NEWS: Lloyds Price TSB IPO Below Book Value

LONDON (Alliance News) - The following is a summary of top news stories Monday.
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COMPANIES
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Lloyds Banking Group set the price range of the initial public offering of TSB Banking Group PLC on the London Stock Exchange at between 220 penc

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