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January 24, 2002

UK: Impatient Arcadia Tells Baugur To “Get On With It”

British fashion retailer and takeover target Arcadia Group Plc warned Icelandic retailer Baugar on Thursday it was running out of patience as it decides whether to make a formal bid for the owner of the Top Shop and Miss Selfridge chains. "The timing is in their hands," Arcadia chairman Adam Broadbent told shareholders at the company's annual meeting in London today. We have urged them to get on with it."

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