LONDON (Alliance News) - Shares in electronics retailer Dixons Retail PLC and mobile phone retailer Carphone Warehouse Group PLC shot higher Monday after Dixons confirmed the companies are in merger talks.
Dixons said the talks are at a very preliminary stage, and there is no certainty a deal will be done. There has been no decision reached regarding the structure of a potential merger, it added.
Shares in both retailers were among the biggest FTSE 250 gainers Monday morning, with Dixons Retail trading 4.7% higher at 49.39 pence per share, and Carphone Warehouse shares up 2.9% at 315.00 pence per share.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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