By  on July 2, 2014

Destination Maternity Corp. confirmed today that it is interested in merging with British firm Mothercare plc.

The Philadelphia-based firm said it has made two non-binding offers that were both rejected by Mothercare's board. Destination Maternity said it was making the disclosure per a requirement under the U.K. Takeover Code. The code also requires the American firm to disclose by 5 p.m. on July 30 whether it intends to make an offer, which must be within the guidelines of the code requirements or announce that it does not intend to make an offer.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus