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May 20, 2022, 8:27 a.m. EDT

THG surges 24% as Candy Ventures says it may consider making an offer

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By Barbara Kollmeyer

UK:THG

Shares of THG /zigman2/quotes/221121045/delayed UK:THG +1.58% climbed 25% in London as a potential bidding war emerged for the U.K.-listed online retailer, known as the Hut Group. THG said late Thursday that it had rejected a proposal from a group of investment companies led by Belerion Capital and King Street Capital Management for 170 pence a share, valuing the deal at 2.07 billion pounds ($2.58 billion). Meanwhile, technology venture capitalist Candy Ventures Sarl said late Thursday that it was in the early stages of considering a possible offer for THG, though there was no guarantee of a formal offer. THG said in April that its board had rejected a number of takeover offers.

/zigman2/quotes/221121045/delayed
UK : U.K.: London
£ 83.74
+1.30 +1.58%
Volume: 7.12M
July 1, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£1.15 billion
Rev. per Employee
N/A
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