Summary
Takeover talk surrounded the JD Sports chain yesterday after its founder slashed his shareholding nearly in half. John Wardle lowered his stake in John David Group to 14.6% by selling 5.4 million shares to a company owned by clothing maker Pentland Group.
The move fuelled speculation that JD could be the next retailer to be taken private, although analysts played down the likelihood of an immediate bid.See the full content of this document
Extract
Founder Cuts Stake in Jd Chain
Mr Wardle stressed his commitment as a director of the group and said selling the shares allowed him t...
See the full content of this document
Sponsored links
