By Michele Maatouk
Date: Monday 05 Dec 2016
LONDON (ShareCast) - (ShareCast News) - Shares in luxury fashion retailer Burberry rose on Monday following reports the company has rejected multiple takeover bids from US peer Coach.
The Financial Times reported on Sunday that talks between the two companies were no longer active, adding that the situation is not expected to change any time soon.
The FT cited sources as saying that the proposals, which peaked sometimes after the summer, were informal and envisaged a cash-and-stock takeover of the British company.
At 0900 GMT, Burberry shares were down 2.3% to 1,444p.
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Currency | US Dollars |
Share Price | $ 78.55 |
Change Today | $ 0.11 |
% Change | 0.14 % |
52 Week High | $89.21 |
52 Week Low | $36.29 |
Volume | 711 |
Shares Issued | 230.20m |
Market Cap | $18,082m |
Beta | 1.22 |
RiskGrade | 216 |
Strong Buy | 6 |
Buy | 8 |
Neutral | 6 |
Sell | 0 |
Strong Sell | 0 |
Total | 20 |
Time | Volume / Share Price |
16:00 | 875,839 @ $78.55 |
15:59 | 100 @ $78.56 |
15:59 | 380 @ $78.56 |
15:59 | 100 @ $78.56 |
15:59 | 300 @ $78.56 |
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