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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Debenhams Plc       GB00B126KH97

DEBENHAMS PLC

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Ashley's Sports Direct drops plan to buy Debenhams

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04/09/2019 | 11:03am EDT
FILE PHOTO: Mike Ashley, founder and majority shareholder of sportswear retailer Sports Direct

(Reuters) - Billionaire Mike Ashley's Sports Direct said it did not intend to make an offer to buy Debenhams after lenders took control of the ailing retailer on Tuesday.

Sports Direct had until April 22 to make a firm offer for the retailer or walk away under British takeover rules.

Debenhams was locked in a long-running battle for control with its largest shareholder, Ashley's Sports Direct.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shailesh Kuber)


Stocks mentioned in the article
ChangeLast1st jan.
BYD COMPANY LIMITED 5.03% 156.6 End-of-day quote.303.09%
SPORTS DIRECT INTERNATIONAL -0.31% 386.8 Delayed Quote.-15.39%
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Managers
NameTitle
Mark Anthony Gifford Chairman
Nicola Kinnaird Independent Non-Executive Director
David Alexander Robertson Adams Independent Non-Executive Director
Stephen Sunnucks Director
Beatrice Madeleine Lafon Non-Executive Director