|
Focus targets Homebase after Wickes yields to pounds 289m bid
|
FOCUS DO It All, the DIY chain, is considering making a bid for
its bigger rival Homebase, after yesterday announcing a deal to
swallow Wickes.
Just three months after seeing off a hostile offer from Focus,
Wickes was yesterday forced back into its arms. It agreed to a pounds
289m cash offer from Focus, worth 495p a share, to take it private.
Analysts said Wickes had no choice, in the face of a rapidly
consolidating industry, but to conclude a deal with Focus, as the
competitor had a ...
