Pandora Soars After Report That PE Funds May Buy Jewelry Maker
Photographer: Freya Ingrid Morales/Bloomberg
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Pandora A/S shares soared in Copenhagen on a report that private equity funds are considering buying the beleaguered Danish jewelry maker.
The stock added as much as 11 percent, the most since May 2016, after Italian daily Il Sole 24 Ore said KKR and Bain Capital are among private-equity funds that could be studying a dossier on Pandora. Sole, which didn’t cite anyone for its reporting, said the jewelry maker is a “perfect target” for buyout funds.