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By
Reuters
Published
Jul 15, 2016
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Elliott Capital Advisors reports 13.2 percent stake in UK's Poundland

By
Reuters
Published
Jul 15, 2016

U.S. activist investor Elliott Capital Advisors has amassed a 13.2 percent stake in British discount chain Poundland Group Plc, according to a UK regulatory filing on Thursday.


Elliot Capital Advisors takes 13.2% in Poundland following Steinhoff International buys the British discount store



On Wednesday, Poundland agreed to be bought by South African retailer Steinhoff International Holdings NV for about $800 million, giving Steinhoff more than 900 shops in Britain, Ireland and Spain.

It is the biggest takeover of a listed British company since a vote on June 23 to leave the European Union.




 

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