|
|
Article: Absolutely fabulous: Dickson Poon seeks rest of Harvey Nicks.(Dickson Concepts (International) Ltd. seeks full acquisition of Harvey Nichols and Company Ltd.)
- Article from:
- WWD
- Article date:
- September 19, 2002
- Author:
CopyrightCOPYRIGHT 2002 Conde Nast Publications, Inc. 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)
|
NEW YORK--Dickson Poon, majority shareholder of Harvey Nichols, is seeking to acquire 100 percent of the London-based department store chain through his wholly owned Broad Gain Investments subsidiary.
Dickson Poon currently owns 51.5 percent of Harvey Nichols, and through Broad Gain, plans to acquire the remaining 49.5 percent stake.
Under the proposal, announced Wednesday, shareholders will receive about $3.85 for each share, a 35.5 percent premium over the closing price of $2.84 Sept. 17, and a 46.5 percent premium over the average closing price of the shares during the past 30 days.
The deal puts the total capitalization of Harvey Nichols ...