Tue, 25 Feb 2014 | MERGER
A merger could be on the cards for Dixons Retail, owner of Currys and PC World, and Carphone Warehouse, who are engaged in talks on the possibility.
The discussions are at a preliminary stage and there is no certainty that a merger will occur. A deal structure is, so far, undecided on.
Dixons has over 500 Currys and PC World stores selling electrical goods including washing machines and smart phones in the UK and Ireland, while mobile phone seller Carphone Warehouse runs over 2,000 outlets across Europe.
Shares in both Dixons (up 7.5 per cent) and Carphone Warehouse (up six per cent) shot up on news of the merger talks.
Both retailers performed well over the last three months of 2013. Dixons reported like-for-like sales in the UK and Ireland up five per cent in the three months to 4 January, which may have been boosted by the failure of its competitor Comet. Carphone Warehouse has seen a three per cent increase in like-for-like sales to 28 December.
The Takeover Panel will require the companies to announce their plans to make an offer by 5pm on 24 March.
Retail analyst Nick Bubb told the BBC: “In a world of connected devices, Dixons is underexposed to the key area of mobile/smartphone retailing, and it is known that they were looking at the area.
“It is a bold move for Dixons; it is slightly harder at this stage to see what’s in it for Carphone."
______________________________________________________________________
Related information:
Find businesses for sale
Dedicated acquisition search service
The company is an automatic and industrial door supplier, installing a variety of systems, including but not limited to, automatic doors, fire resistant shutters, entrance barriers, roller shutters and garage doors.
Well-established company operating for over 23 years. Offers a range of driving positions, which include day runs, local runs, local shunting, nights out and tramping.
The company is a business-to-business wholesaler of cask ales, continental lagers, and craft cider. Since its establishment, the business has cultivated strong relationships with high-profile and local breweries, gaining exclusive access to their pro...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.