Burberry Shares Jump on Speculation of Takeover Bid

by | Dec 8, 2010 | Towing

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.

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