Burberry Shares Rose All The Way Due To Rumors Of Takeover
Recently, Burberry shares rose 26 points to 1159.8 points. Traders in London and Frankfurt expect Burberry to rise to 15 pounds per share.
The rise in share prices has been influenced by rumours that the US privately raised funds are interested in acquiring brands.
company
Share prices rise to history
New high
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Of course, this is not the first time a British company with 154 years of experience has been taken as a takeover target. However, recent statements by company officials indicate that the rising demand in the Asian market is the driving force behind the increase in the profit of the luxury brand.
An investor said: "the main attraction of Burberry lies in its public shareholdings and non family controlled shareholders.
It's the only independent luxury company, and it's running very well. "
Free floating, it does not have a family controlling shareholder. It is Only The luxury group is independent. However, some analysts suspect that Burberry's share price has doubled this year due to the excellent performance and the rumors of mergers and acquisitions. How much more can it squeeze from it? But there are precedents, such as Gucci and LVMH, which have gained high profits in the acquisition, so the rising space is still hard to estimate.
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