UK: Baird In Talks Over Improved Vert Offer
The chairman of troubled clothing supplier William Baird on Tuesday urged shareholders to take "no action" over the £17.9 million bid by fashion firm Jacques Vert it rejected 10 days ago. Lord Wolfson said in a letter to shareholders the board is "in discussions with Jacques Vert regarding an improved offer which it may be able to recommend" and believes "shareholders should not accept the existing offer until the outcome of these discussions is clear".
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