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In brief Retailers South Africa

Foschini in advanced discussion regarding potential acquisition

Foschini in advanced discussion regarding potential acquisition

The Foschini Group (TFG) on Wednesday, 14 January 2015, said it is in advanced discussions regarding a potential acquisition which‚ if concluded‚ may have an effect on its share price. At 4.11pm‚ the stock was up 1.12% to R146.63 - having rallied more than 5% prior to the release of the cautionary statement. Source: The Times via I-Net Bridge




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