Sports Direct drops Patisserie Valerie offer - FT

FILE PHOTO: Mike Ashley, founder and majority shareholder of sportwear retailer Sports Direct, arrives at the company's AGM, at the company's headquarters in Shirebrook, Britain, September 7, 2016. REUTERS/Darren Staples/File Photo - Copyright Darren Staples(Reuters)

By Reuters

Published on 10/02/2019 - 19:34•Updated 18/04/2024 - 19:24

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(Reuters) - Britain's Sports Direct Plc <SPD.L> has pulled its offer to buy Patisserie Holdings Plc <CAKEP.L> after just two days, the Financial Times reported.

In a letter on Sunday, Sports Direct wrote to cafe chain Patisserie Valerie's administrators, KPMG, complaining it lacked the information required to continue bidding for the group, the FT said https://on.ft.com/2URk6NA.