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Asharq Al-Awsat
Asharq Al-Awsat
Lifestyle
Asharq Al-Awsat

Ted Baker Turns Down Takeover Proposals from Sycamore

Britain's Ted Baker said on Monday it had rejected two unsolicited non-binding proposals from private-equity firm Sycamore Partners Management for a possible cash offer for the fashion retailer.

Ted Baker said it had concluded the proposals from New York-based Sycamore significantly undervalued the company and failed to "compensate shareholders for the significant upside that can be delivered by Ted Baker as a listed company.”

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