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Mr Bricolage shares to resume after Kingfisher failure

Reuters - UK Focus

PARIS, March 30 (Reuters) - French DIY chain Mr Bricolage confirmed the collapse of its acquisition by British rival Kingfisher (LSE: KGF.L - news) on Monday and said its shares would resume trading on March 31.

Kingfisher said it was considering its options earlier on Monday after the failure of the deal with Mr Bricolage.

Trading in Mr Bricolage shares has been suspended since March 23, having closed at 14.50 euros the previous Friday.

Doubts over the deal had surfaced last week after the majority of the Mr Bricolage board and the ANPF franchisee group, its largest shareholder, expressed reservations.

(Reporting by Dominique Vidalon; Editing by Laurence Frost)