Sports Direct, which has a near 30 percent stake in Debenhams,
did not say how many Debenhams shareholders were backing it or
name any of them.
Last year Sports Direct bought department store chain House of
Fraser out of administration and has been trying to wrest
control of Debenhams for months.
Sports Direct said it has set up a template letter on its
website to enable any shareholders in Debenhams to make their
views known.
On Friday Debenhams secured 200 million pounds ($261.4 million)
in new funds but warned shareholders still faced being wiped out
unless Sports Direct gave its support.
Debenhams said Sports Direct needed to either make a firm offer
for the group, underwrite a rights issue, or provide debt
funding if it wanted to prevent Debenhams' ownership falling
into the hands of lenders.
Sports Direct said last week it was considering a 61.4 million
pound offer.
(Reporting by James Davey, editing by Louise Heavens)
[© 2019 Thomson Reuters. All rights
reserved.] Copyright 2019 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|