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Nasdaq: Investment firm Flacks Group deal to buy Laura Ashley Holdings Plc

LAURA ASHLEY: Investment firm Flacks Group said on Monday it was in the preliminary stages of evaluating a possible deal to buy Laura Ashley HoldingsPlc ALY.L , valuing the British fashion retailer at 20 million pounds ($26.16million)

Florida-based Flacks said any possible offer would be limited to 2.748 pence in cash for each Laura Ashley share.

The retailer, whose shares were down 7.7 percent at 2.99 pence at 1414 GMT, said earlier on Monday it had not received any takeover bids.

see more: Nasdaq