David Jones Gets A$1.65 Billion Bid, Knows Nothing of Suitor

David Jones Gets A$1.65 Billion Bid, Knows Nothing of Suitor

Sergio Dionisio/Bloomberg

David Jones soared the most in almost 17 years in Sydney after an earlier statement announcing an approach from a U.K. entity it didn’t name. The retailer has become the subject of takeover speculation after a share slump and slowing consumer spending prompted it to forecast its smallest annual profit in six years.