Shares in UK's Carpetright slump on biggest investor's rescue bid
Share:
LONDON (Reuters) - Britain's Carpetright is in talks with its largest shareholder Meditor over a possible takeover at a huge discount to its closing value on Wednesday, prompting a 50% crash in its shareprice.The floor coverings retailer, which trades from about 330 stores, has been struggling for years and fought off collapse last year by entering a Company Voluntary Arrangement (CVA) restructuring that closed shops and reduced rents.The retailer said on Thursday that Meditor, an investment..