Dixons and Carphone Warehouse confirm possible merger (UK)

The Boards of Dixons and Carphone Warehouse noted the recent speculation and confirmed that the two companies are in preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse.

These discussions are at a very preliminary stage and there can be no certainty that a transaction will be forthcoming.

No decision has been reached regarding the structuring of any such merger. Accordingly until further notice, for the purposes of the Code, both Dixons and Carphone Warehouse will be treated as offeree companies.

Consequently, as required by Rule 2.6(a) of the Code each of Dixons and Carphone Warehouse are required, by not later than 5.00 pm on 24 March 2014, to either announce a firm intention to make an offer for Carphone Warehouse or Dixons (as appropriate) in accordance with Rule 2.7 of the Code or announce that it does not intend to make such an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. Either deadline may be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

A copy of this announcement will be available at www.dixonsretail.com and www.cpwplc.com by no later than 12 noon (London time) on 25 February 2014.

Source: Dixons

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