French Connection Group PLC - London-based fashion retailer - Gains court sanction for takeover by MIP Holdings Ltd, meaning it will come into effect on Monday next week, followed by the delisting of French Connection from the London Stock Exchange.
In early October, French Connection had recommended a bid from MIP that values it at GBP29 million.
MIP includes KJR Brothers Ltd and Amarjit Singh Grewal, as well as second-largest French Connection shareholder Apinder Singh Ghura.
Current stock price: 29.40 pence
Year-to-date change: almost triple
By Dayo Laniyan; dayolaniyan@alliancenews.com
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