By  on December 12, 2007

PARIS — Maus Frères SA, the Swiss retail group that owns the Lacoste brand, has launched a 5.2 billion Swedish kronor, or $810.8 million, hostile bid for Gant, the Swedish sportswear retailer that operates 310 stores.

Maus snapped up 12.5 percent of Gant on the Stockholm Stock Exchange on Monday before unveiling on Tuesday a cash bid of 310 Swedish kronor, or $48.33, a share for the remainder of the company, a 31 percent premium on Gant's closing price on Monday. Currency conversions were made at current exchange rates.

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