On Monday, Fast Retailing upped its offer for Barneys to $950 million. This was in response to the latest bid of $900 million submitted by Istithmar one day earlier on Sunday. IstithmarÆs Sunday bid was up 9% from its original offer and matches the offer tabled by Fast Retailing on July 31.
Analysts say the speed with which Fast Retailing responded suggests that they may have kept leeway in their bid for a competitive situation. JPMorgan, advisors to Fast Retailing, had no comment.
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