Shares of luxury-goods maker Burberry (BRBY) jumped as much as 6.5% Wednesday on speculation of a potential buy-out.
The stock rose as high 1,204 pence, putting the company’s value at 5 billion pounds ($7.9 billion), Reuters reported.
Market players have speculated for months that Burberry would be an attractive target for a buyout as it is one of the few luxury goods companies that isn’t…
Continue reading Burberry Shares Jump on Speculation of Takeover Bid
Burberry Shares Jump on Speculation of Takeover Bid originally appeared on DailyFinance on Wed, 08 Dec 2010 07:16:00.
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