Baugur, the Icelandic group, looks set to continue its high street buying spree after making an indicative cash bid of £350m for House of Fraser.
The board of HoF yesterday confirmed its was in talks with the Icelandic group about a takeover approach worth 148p a share.
References: Financial Times page 16 10/06/06, Daily Telegraph page 25 10/06/06, Times Business page 46 10/06/06, The Guardian page 1 10/06/06, The Independent page 49 10/06/06
