Kretinsky Launches Friendly Bid for Fnac Darty; Shares Jump After €36-per-Share Offer
Shares of Fnac Darty jumped sharply after Czech investor Daniel Kretinsky's EP Group presented a friendly cash offer valuing the French retailer at about €1.1 billion. The proposal, set at €36 per share and representing a 19% premium to the pre-announcement close, aims to lift Kretinsky's holding from 28.5% to above 50% while preserving the company…