The Independent - London, March 14th, 1997
Shares in N Brown, the mail order group, were suspended yesterday after the company confirmed it was in discussions to buy the Freemans home shopping business from Sears.
The announcement follows last week's decision by Littlewoods to pull out of the Freemans deal when it was told Sears was in discussions with other parties. N Brown is in exclusive talks with Sears and the price is expected to be similar to Littlewoods' pounds 395m offer. Littlewoods said it would still be interested in Freemans if the N Brown deal collapses.
N Brown would need a sizeable rights issue to fund the deal as it ...
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