Sports Direct bids £61m for Debenhams

Retailer Sports Direct has offered to buy Debenhams for around £61.4m in cash, though the companies disagree on whether Mike Ashley’s firm will be able to deal with the department store’s immediate debt servicing requirements.

  • By Mike Turner
  • 27 Mar 2019

In the latest turn in Sports Direct’s dogged pursuit of Debenhams, it is offering a premium of around 127% to the closing price of Debenhams on March 26.

Under the offer, Sports Direct will also help Debenhams deal with its immediate funding requirements. However, Debenhams’ board said this would ...

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