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.

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