Fnac Darty Shares Jump on $1.25 Billion Kretinsky Takeover Proposal

Fnac Darty FNAC 0.00%increase; green up pointing triangle shares leapt after the company said it received a 1.05 billion euro ($1.25 billion) takeover proposal from billionaire Daniel Kretinsky’s EP Group, which was welcomed by its board.

Shares were up 5.20 euros, or 17%, at 35.45 euros in early morning European trading. They are currently up 23% over the year to date.