NFI Empik Media & Fashion SA (EMF), Poland’s largest books and music retailer, jumped the most in almost a month after Penta Investments Ltd. and Eastbridge Group attempted to buy the company.
The stock rose 4.8 percent to 9.8 zloty, the most since Feb. 17, as of 9:29 a.m. in Warsaw.
Eastbridge, which owns 60 percent of Empik, and Penta have offered to pay 9.85 zloty a share for the remaining 40 percent stake. The companies plan to withdraw Empik from trading on the Warsaw Stock Exchange, they said in joint a statement today.
To contact the reporter on this story: Piotr Bujnicki in Warsaw firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com