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Article: DUKE Street Capital has tabled a [pound]250m bid for the Great Mills DIY-chain just hours after announcing a deal to buy rival firm Wickes.
- Article from:
- Sunday Business (London, England)
- Article date:
- September 3, 2000
CopyrightCOPYRIGHT 2000 Sunday Business Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DUKE Street Capital has tabled a [pound]250m bid for the Great Mills DIY-chain just hours after announcing a deal to buy rival firm Wickes.
The bid will boost speculation that Duke Street's chief executive, Edmund Truell, plans to build a DIY business to challenge B&Q, the Kingfisher-owned chain that dominates the market. The venture capital firm already owns Focus Do It All.
Bids for the 95-strong Great Mills chain, which is owned by building
materials company RMC, had to be submitted to UBS Warburg last Friday. RMC hopes to raise [pound]300m.
Duke Street, which is being advised by ING Barings, has also been linked with Homebase, the ...