Green Eyes Brandes' 12pc Stake in Marks Spencer

Daily Mail (June 23, 2004)

Author: Lucy Farndon

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Summary

PHILIP Green is sounding out Marks Spencer's biggest shareholder Brandes in an attempt to buy its 12pc stake and bring the bid battle to a decisive phase.

The billionaire tycoon is hoping that if he can buy a large chunk of MS shares before launching a formal bid, this will increase the pressure on the retailer to open its books.

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Extract

Green Eyes Brandes' 12pc Stake in Marks Spencer

Green's readiness to shell out Pounds 1bn to buy the Brandes stake dem...

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