Pepco Rises as Company Launches €400m Tender Buyback and Lifts Margin Guidance
Pepco shares jumped after the pan-European discount retailer announced a proportional tender offer up to €400 million at 41.76 PLN per share, following a trading update that showed revenue growth and an upgraded full-year gross margin target. The sale of Dealz Poland and supportive analyst moves also contributed to the rally, which pushed the stock…