LONDON — Debenhams plc on Monday confirmed reports that it is in talks with the U.K.-based venture capital group Permira, but warned those talks could come to nothing.

Debenhamsissued a statement saying talks were progressing toward a possible offer of $6.80 per share in cash, the price mentioned in press reports last week. That would value Debenhams at approximately $2.47 billion. Dollar figures are converted from the pound at current exchange.

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