Woolworths shares soar on takeover buzz
31/01/2005 - 09:11:15Shares in UK high street chain Woolworths shot ahead by more than 20% today after a potential bidder confirmed its interest in a takeover.
Private equity firm Apax Partners, which helped fund the takeover of New Look last year, said it was at the early stage of considering a move – thought by experts to be worth around £700m (€1bn).
If it decides to proceed, Apax said it would approach the board of Woolworths to gain its support.
