Pacific Brands shares fall 7.4% after takeover talks end

Shares in Pacific Brands have fallen 7% to 57.5 cents this morning after it announced takeover talks with parties including private equity firm KKR have ended with no offer being made.

“Having explored these enquiries, the board of Pacific Brands has concluded that a definitive proposal for the acquisition of the entire issued capital of the company is unlikely to be forthcoming in the near-term,” the company said in a statement.

This article first appeared on SmartCompany.

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