Deals
Destination Maternity Pursues Mothercare for Base in U.K.
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Destination Maternity Corp. said Mothercare Plc rejected its two offers for the U.K. retailer as the owner of the “A Pea in the Pod” clothing brand seeks to become the latest U.S. company to domicile overseas.
Mothercare declined to engage with Destination on the proposals, the latest of which implies a valuation of about 266 million pounds ($456 million), the Philadelphia-based designer and retailer of maternity apparel said in a statement today. The U.K. company said the price offered is insufficient. Its shares rose as much as 17 percent in London.