Fnac Lifts Darty Bid to $1.1 Billion, Heating Up Retail Fight

  • Investors would receive 145 pence in cash or share alternative
  • Exane analyst says Steinhoff could raise bid to 160 pence

Groupe Fnac SA raised its bid for Darty Plc to 779 million pounds ($1.1 billion), intensifying a takeover battle in which it is vying with Steinhoff International Holdings NV for a lead role in consolidating French electronics retailing.

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