Sainsbury’s bid speculation boosts Mothercare value
Reports that Sainsbury’s considered swooping on Mothercare has boosted the struggling babywear specialist’s share price.
According to The Press Association, the acquisitive grocer mulled placing a bid for Mothercare in recent months.
Although the grocer stopped short of tabling an offer, the emergence of its interest caused Mothercare’s value to leap 17% on Thursday to 20.5p per share.
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