Summary
Furniture store chain MFI revealed yesterday that it had received takeover offers for all or parts of its ailing retail business. The company said it was reviewing the interest 'in the context of our developing plans', which it warned would cause it to face considerable costs and challenges as it attempts to revive the operation.
MFI continued to paint a gloomy picture on trading, with orders so far this year 19% lower on a year ago and 16% down on a same- store basis. Shares jumped 13% on the back of the takeover approaches.See the full content of this document
Extract
Ailing Mfi in Takeover Offer Talks
MFI's Howden Joinery business has helped offset some ...
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