, UK

Patisserie Holdings mooted to bid for Gail's Bakery

Shares in Patisserie Valerie’s owner rose 6.2p to 359p.

According to the Evening Standard, Patisserie Valerie is expected to tap shareholders for £35 million to help buy the company, which could go for more than £150 million, industry sources said. The deal is not expected to go through before March. 

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