Marks & Spencer Group Plc (MKS) has become the subject of takeover considerations, with banks in London studying the prospect of financing a bid, the Sunday Telegraph reported, without saying where it obtained the information.
Institutions including Bank of America Corp. (BAC)’s Merrill Lynch unit have assessed whether they could offer debt financing for an approach for the retailer, the newspaper said. An unidentified private-equity company is weighing a takeover of the company, the newspaper said, citing a person familiar with the considerations.
A spokeswoman for Marks & Spencer declined to comment today.
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