Investors waited with bated breath as Retail Week went to press to see whether entrepreneur Tim Waterstone would increase his offer for Hamleys.
Retailers and analysts have watched goggle-eyed in amazement as the bidding war between Baugur and Waterstone has pushed up Hamleys' value to almost£59 million. At the start of the year the retailer had a market capitalisation of£37.5 million.
Evolution Beeson Gregory analyst Nick Bubb described the bid situation as 'extraordinary'.
Last week, Baugur increased its offer to 254p per share. Richard Ratner of Seymour Pierce said: 'We wait to see if Waterstone returns fire and puts in a more ludicrous offer.'
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