Burberry Stocks Skyrocketed After A Undisclosed Investor Offers To Buy Them Out For 10 Billion

Shares in Burberry jumped as much as 6.5 percent to a new high on last Wednesday, with traders citing talk of bid interest from a secret buyer, for the luxury goods group.

Traders in London and Frankfurt said there was talk Burberry was offered a bid at 1,500 pence per share (10 billion) for a possible buy out. They gave no further details. At press time Burberry had no comment (a sign that the rumors are true).


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