Berendsen PLC (BRSN.L)
26 May 2017
British laundry services group Berendsen rejected on Thursday a revised, 2 billion pound ($2.6 billion) offer by French peer Elis, saying it did not reflect value being added by the UK firm's expansion and modernization plans.
* Berendsen shares climb 25 percent (Adds Berendsen reaction, share price, analyst comments)
European stocks lower, Berendsen and WPP weigh - For more see the European equities LiveMarkets blog
LONDON, March 3 Live coverage of European markets now available on cpurl://apps.cp./cms/?pageId=livemarkets
LONDON, March 3 European shares slipped in early trading on Friday following some poor company updates, with WPP falling after painting a cautious picture about its outlook and Berendsen plunging following disappointing results.
* Underlying revenue grew 2 pct to £1.1 billion; reported revenue grew 9 pct