Mar 27, 2019

Mike Ashley's Sports Direct considers Debenhams bid

PA Mike Ashley's Sports Direct is ready to pay £61.4m to take full control of Debenhams. Sports Direct already owns a near 30% stake in the retailer. The potential offer would be conditional on Mr Ashley becoming Debenhams chief executive. Sports Direct renewed its attack on the Debenhams board, saying it was either incompetent or was co-operating with lenders to wipe-out the investments of shareholders. The struggling retailer has been resisting Sports Direct attempts to take over.

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