A woman walks past a Ted Baker store on Floral Street, London, Britain, April 3 2022. Picture: PETER NICHOLLS/REUTERS
Ted Baker launched a formal sale process after private equity firm Sycamore improved its takeover proposal and another third party showed interest in bidding for the company, sending its shares surging as much as 11% to 142.6p . “The board has decided to conduct an orderly process to establish whether there is a bidder prepared to offer a value that the board considers attractive relative to the stand-alone prospects of Ted Baker as a listed company,” it said in a statement.
Last week, it rejected a second proposal from New York-based Sycamore that valued it at £253.8m , saying it undervalued the group.
May God continue to bless you Mrs LindaStouffes I never beblieve it's going to work out because I have lost a lot in different places I know one day they will face the judgment. I really appreciate LindaStouffes