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ID: 32632
Title: PPR pounces on Puma with takeover bid (Reuters)
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File photo shows an employee of Germany's Puma AG arranging a handbag in a Puma shop in Munich. Puma welcomed an intended takeover offer from French fashion retailer PPR that values the company at about 5.3 billion euros ($7.1 billion) and said on Tuesday it would recommend the bid to its shareholders. (Alexandra Winkler/Reuters)Reuters - French retailer PPR on Tuesday made a 5.3 billion euro ($7.07 billion) bid to hitch German sportswear company Puma to its line-up of iconic fashion brands Gucci and Yves Saint Laurent.
Category: Business/
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Date Added: April 10, 2007 01:49:36 PM
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