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Sports Direct’s increased stake in Debenhams now 0.3% away from possible takeover

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Sports Direct has further increased its stake in Debenhams, raising its interest in the department store chain from 23 per cent to 29.7 per cent.

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Sports Direct’s increased stake in Debenhams now 0.3% away from possible takeover

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Sports Direct’s increased stake in Debenhams now 0.3% away from possible takeover

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Sports Direct has further increased its stake in Debenhams, raising its interest in the department store chain from 23 per cent to 29.7 per cent. This means Mike Ashley’s retail company is now just 0.3 percentage points away from the minimum stake in requires to launch a takeover bid of Debenhams. While Sports Direct now owns more than a quarter of the department store retailer, UK takeover rules stipulates that a shareholder holding shares worth 30 per cent or more of another company’s stock must launch a formal takeover bid.

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Sports Direct’s increased stake in Debenhams now 0.3% away from possible takeover

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