The Americans are coming ..6 Feb 2024 11:11
Superdry PLC, up 5.2% at 41.45p, 12-month range 14.26p-135.80p. Shares in the clothing retailer rise after more than doubling in Friday's session amid indications that takeover talks are heating up. On Wednesday, regulatory filings showed that Norwegian-based investment fund First Seagull bought a 5.3% stake in Superdry. On Friday, the Times reported that First Seagull considers Superdry "to be ripe for a bid". The newspaper added that Sycamore Partners, an American private equity company, and Authentic Brands Group LLC, which owns Ted Baker and Forever 21, are said to have Superdry on their radar. After market close on Friday, Sky News reported that Rcapital and Gordon Brothers have held initial talks with Chief Executive Julian Dunkerton about a bid to take Superdry private. Both specialise in investments in financially challenged companies.