UK: Green Agrees Baugur Deal Over Arcadia
Billionaire retail entrepreneur Philip Green said on Thursday his £770 million pound bid for fashion giant Arcadia Plc was no longer conditional on arrangements with its principal shareholder, Icelandic retailer Baugur. Green revealed his 408p per share offer was not dependent on arrangements with Baugur which included an agreement for it to acquire three of Arcadia's chains from him, including TopShop, Top Man and Miss Selfridge.
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