unsolicited offer
Shares of clothing manufacturer Pacific Brands ( PBG) jumped to as much as 11 cents or 20 per cent to 67 cents in early trade after the company confirmed that it has received an unsolicited approach from US private quity giant KKR to buy the company.
"The board of Pacific Brands, together with its advisers Flagstaff Partners and Minter Ellison, is considering the approach and preliminary discussions are being held with KKR," said Pacific Brands.
Telstra (ASX:TLS) has provided a warning to shareholders of unsolicited offers to buy Telstra shares. The company making the unsolicited Buy orders from individual shareholders is called National Capital Corporation Pty Ltd (NCC was incorporated on October 22 with 100 x $1 shares on issue. The company is run by a sole shareholder, Ben Hirvi, 22, of Shailer Park, south of Brisbane.
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