Marks & Spencer Group Plc (MKS) has become the subject of takeover considerations, with banks in London studying the prospect of financing a bid, the Sunday Telegraph reported, without saying where it obtained the information.
Institutions including Bank of America Corp. (BAC:US)’s Merrill Lynch unit have assessed whether they could offer debt financing for an approach for the retailer, the newspaper said. An unidentified private-equity company is weighing a takeover of the company, the newspaper said, citing a person familiar with the considerations.
A spokeswoman for Marks & Spencer declined to comment today.
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