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Article: Harvey Nichols in round two.
- Article from:
- WWD
- Article date:
- November 12, 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)
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LONDON -- Deutsche Bank is standing firm.
The bank said it would hold its ground against Dickson Poon in order to keep Harvey Nichols trading on the London Stock Exchange.
As reported Monday Poon has fashioned a second bid for the control--and eventual delisting--of the Knightsbridge retailer. That bid will be finalized by early next week and shareholders will have 21 days to vote on it
"The first offer was not attractive to us, nor is the second," said Ruth Keattch, a spokeswoman for Deutsche Bank, the store's largest institutional investor "No matter how the second vote turns out, Dickson Poon's board must recognize that a decision to delist ...