Battle for Ottakar's

Summary


WH SMITH is seen as increasingly likely to enter the bidding for Ottakar's amid growing disquiet among publishers over the offer from HMV.

Ottakar's independent directors have recommended a 440p per share bid from HMV, which also owns Waterstone's. But industry journal The Bookseller says most trade publishers 'strongly oppose' the takeover, and the Publishers Association is preparing a submission to the Office of Fair Trading.

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Extract


Battle for Ottakar's

Some believe W...

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