Nimble Ms Puts Green On Back Foot ; Financial Mail

Mail on SundayJune 07, 2004

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Summary


Philip Green is in danger this weekend of looking lamentably wrong-footed by Marks Spencer, an organisation not exactly renowned for the lightning speed of its decision-making nor its sharp corporate antennae.

When Green's virtual bid yes, it is another one of those that might or might not take place emerged on Thursday, it was greeted with a large dollop of derision.

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Extract


Nimble Ms Puts Green On Back Foot ; Financial Mail

Sure, the price was a smidgen above where it had been before Green first showed his hand, but it was nowhere near the 400p-plus that City fund managers had come to believe their shares were worth in the intervening week (e...

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