Matalan takeover bid rumours

It is rumoured that US retailer Wal-mart and the British Tesco Group are bidding for takeover of the UK clothing discounter. Wal-mart senior executives reportedly flew to London last week and are said to have offered 300 pence per share. It is believed that Wal-mart may want to add the Matalan range to its current collections at Asda.

www.matalan.co.uk >> more Walmart at FashionUnited >> more Tesco at FashionUnited.