HALISTER: Steinhoff Said to Plan Higher Bid for Darty to Counter Fnac

Steinhoff Said to Plan Higher Bid for Darty to Counter Fnac

(Bloomberg) -- Steinhoff’s latest bid would be above Fnac offer of 153 pence/share, people familiar with the plan say, asking not to be named because the deliberations are private.
  • No final decision has been made: sources
  • A representative for Steinhoff couldn’t immediately comment
  • NOTE: Fnac Bids for Darty 153p/Shr in Cash; Partial Share Alternative
  • NOTE: Darty Synergies Mean Steinhoff Could Pay as Much as 160p: Exane
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
DRTY LN (Darty Plc)
FNAC FP (Groupe Fnac SA)
SNH GR (Steinhoff International Holdings NV)

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