Carphone share rise sparks takeover rumours

Carphone share rise sparks takeover rumours

Shares in Carphone Warehouse went up by almost 7% today as traders cited renewed speculation of a bid for the retailer according to reports from Reuters.

Throughout the last six months, both Vodafone and US company Best Buy, which has a 3% stake in Carphone and a joint American retail venture, have been linked with a bid for the company.

Carphone declined to comment.

‘Rumour is there will be a demerger announcement on Friday,’ said one London trader according to Reuters.

Carphone shares were up by nearly 20p today to around 300p.

Written by Mobile Today
Mobile Today

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