Woolworth of Britain rejected a takeover bid.
- Share via
Woolworth Holdings PLC, formerly part of the New York-based retailer F. W. Woolworth & Co., said it rejected a $2.35-billion takeover offer from another British retailer, Dixons Group PLC. The offer was a combination of common and preferred stock. In announcing its bid, Dixons said it “totally rejects” previous comments by Woolworth’s management that it would need seven years to improve lagging performance.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
