MAUS BUILDS GANT STAKE: Maus Frères SA continues to consolidate its stake in Gant after last month launching a 5.2 billion kronor, or $809.3 million at current exchange, hostile bid for the Swedish sportswear firm, which was promptly rejected by a majority of Gant shareholders. Maus said Thursday it had increased its share in Gant to 23.7 percent by buying shares from an institutional investor. Maus, the Swiss retailer that owns the Lacoste brand, previously held an 18.1 percent stake in Gant. Maus' offer for Gant, which operates more than 300 stores, is good through Jan. 11. Initially Maus snapped up 12.5 percent of Gant on the Stockholm Stock Exchange on Dec. 11 before making a cash bid of 310 kronor, or $48.25, a share for the rest of the firm.
In Brief: Theft At McQueen... Maus Builds Gant Stake
by
Posted Friday January 04, 2008
From WWD Issue 01/04/2008
MAUS BUILDS GANT STAKE: Maus Frères SA continues to consolidate its stake in Gant after last month launching a 5.2 billion kronor, or $809.3 million at current exchange, hostile bid for the Swedish sportswear firm, which was promptly rejected by a majority of Gant shareholders. Maus said Thursday it had increased its share in Gant to 23.7 percent by buying shares from an institutional investor. Maus, the Swiss retailer that owns the Lacoste brand, previously held an 18.1 percent stake in Gant. Maus' offer for Gant, which operates more than 300 stores, is good through Jan. 11. Initially Maus snapped up 12.5 percent of Gant on the Stockholm Stock Exchange on Dec. 11 before making a cash bid of 310 kronor, or $48.25, a share for the rest of the firm.





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