Comet owner rebuffs takeover bid
14/03/2006 - 10:36:23The owner of electricals company Comet rejected a £1.72bn (€2.5bn) takeover approach from a private equity firm today.
Kesa Electricals, which also owns retail chains Darty and BUT in France, said the offer of 325p a share “undervalues the company and its prospects”.
The news of the bid sent shares in Kesa soaring 23% today after closing at 293p last night.
