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Briscoes to launch Kathmandu takeover

Author
Sam Thompson,
Publish Date
Tue, 30 Jun 2015, 10:32AM
Photo / File
Photo / File

Briscoes to launch Kathmandu takeover

Author
Sam Thompson,
Publish Date
Tue, 30 Jun 2015, 10:32AM

The Briscoe Group is poised to launch a takeover of Kathmandu.

It's acquired 19.9 percent of the shares of the clothing and outdoor equipment retailer.

Briscoe has informed the stock exchange it will be lodging a takeover notice.

It had built up a 4.99 percent shareholding over time, just below the 5 per cent disclosure level.

Briscoe bought a further 14.91 percent shares from a number of institutional shareholders at $1.80 a share.

Briscoe Group Managing Director Rod Duke said he's excited by the potential that would arise from bringing together these two iconic retailers.

 

 

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