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Ted Baker Shares Slump After Preferred Bidder Walks Away

  • Authentic Brands was considering $373 million offer, Sky said
  • Fashion chain will now consider interest from other parties
Ted Baker Plc Surges as Sycamore Studies Bid for Fashion Brand
Photographer: Chris J. Ratcliffe/Bloomberg
Updated on

Ted Baker Plc slumped after the preferred bidder for the UK fashion chain ruled out making an offer.

The fashion retailer gave no reason why the counterparty pulled out but said Tuesday it wasn’t linked to its due-diligence review of Ted Baker. The stock fell as much as 16%.