Kingfisher PLC (KGF.L)
|Market Cap (Mil.):||£9,981.92|
|Shares Outstanding (Mil.):||2,376.65|
* Represents 25 pct premium to last closing price (Adds deal details, company background, analyst comments)
LONDON - Kingfisher , Europe's No. 1 home improvement retailer, moved to strengthen its position in France, its most profitable market, with a 275 million euros ($379 million) takeover bid for smaller rival Mr Bricolage .
* Agrees 15 euros a share offer with Mr Bricolage's biggest investors
LONDON, April 3 - Kingfisher, Europe's No. 1 home improvement retailer, has entered into exclusive negotiations with the main investors of French rival Mr Bricolage to buy their shareholdings.
* Shares up 5.7 pct, hit highest in 14 years (Recasts, adds CEO, analyst comment, shares)
LONDON, March 25 - European stocks bounced back on Tuesday, led by miners on speculation that recent disappointing Chinese data might prompt Beijing to launch fresh stimulus to maintain the pace of economic growth.
March 25 - Kingfisher PLC : * CEO says Hornbach disposal will raise about 195 million stg * CEO says no set target for extent of multi-year capital return programme * CEO says has already had interest from potential partners for B&Q China * For more news, please click here
March 25 - Kingfisher PLC : * Shares up 2.5 percent after full-year profit rise * Source text for Eikon: * For more news, please click here
FRANKFURT, March 25 - Britain's Kingfisher is exiting its investment in German home improvement store operator Hornbach, which will increase the free float of its listed preference shares to 100 percent, the Hornbach family said in a statement on Tuesday.
LONDON, March 25 - Kingfisher, Europe's largest home improvements retailer, said it would return about 200 million pounds ($330 million) to shareholders in the current year as it met forecasts with a 4.1 percent rise in 2013-14 profit.