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Marks & Spencer Seen as Bid Target

LONDON--U.K. retailer Marks & Spencer Group PLC (MAKSY) is being eyed as a potential 6 billion pound (9.4 billion dollar) bid target after a 50% slump in its shares since 2007, the Sunday Telegraph reports, citing banking sources. The paper says bankers including Bank of America Merrill Lynch (BAC) have in recent weeks assessed the possibility of providing debt finance for a speculative bid. One private equity firm is reported to be considering a public-to-private takeover of the retailer. A spokeswoman for Marks & Spencer declined to comment. A representative for Bank of America wasn't immediately available to comment. Newspaper Web site: http://www.telegraph.co.uk -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320 Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Bank of America (BAC)
DateTimeHeadline
05/16/201317:41:07Fitch Affirms Ratings on 12 Global Banks
05/14/201316:38:16MARKET SNAPSHOT: U.S. Stocks' Rally Topples More Records
05/14/201316:32:08MARKET SNAPSHOT: U.S. Stocks Rally To Break More Records
05/14/201316:27:09U.S. Bank Shares Boosted by Positive Credit, Legal Trends - Analysts
05/14/201309:23:03Merrill Survey: Investors See Slowdown in China; More Positive...
05/10/201313:10:15BofA Lawyers Tell N.Y. AG He Has No Rights to Sue
05/10/201310:10:11KeyCorp To Buy Mortgage Servicing Rights From BofA
05/10/201309:49:48Correction to KeyCorp Commercial Mortgage Story
05/10/201308:52:12KeyCorp To Buy Some Commercial Mortgage Servicing Rights From...
05/08/201317:51:48Merrill Ordered to Pay Ex-Broker $233,000, Forgive His Bonus
05/08/201312:40:12BofA Executive Compensation Proxy Approved
05/07/201318:42:25Bank of America Cuts 'Reasonably Possible' Legal Losses Estimate
05/07/201314:38:46U.S. Stocks Pile On Gains As DJIA, S&P 500 Claim New Highs
05/07/201310:25:58Judge: AIG Has Right to Sue BofA Over Maiden Lane II Mortgages
05/07/201307:33:50Nationstar Mortgage 1st-Quarter Profit Up 25%; Raises Year Views
05/06/201319:00:04Hertz Private-Equity Backers Selling Rest of Stake
05/06/201318:42:07Hertz's Private-Equity Backers Selling Rest of Stake in $1.24...
05/06/201315:00:10MBIA, Bank of America Settle Dispute
05/06/201314:40:18BofA Responds to N.Y. Attorney General
05/06/201314:29:07BofA: Will Work Quickly to Address Mortgage Issues Raised by...

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