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By
Reuters
Published
Jul 2, 2014
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Mothercare rejects Destination Maternity bid proposals

By
Reuters
Published
Jul 2, 2014

LONDON, United Kingdom - British mother and baby retailer Mothercare has rejected two bid proposals from Destination Maternity, the U.S. company said on Wednesday.

Source: Mothercare.com


Destination Maternity said its latest proposal was worth 300 pence for each Mothercare share, valuing the British company at 266 million pounds ($453 million).

Destination Maternity continues to evaluate its options with regard to a possible combination, it added.

Mothercare shares closed Tuesday at 232.5 pence.

$1 = 0.5877 British Pounds

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