P209 CEEFAX 2 209 Mon 17 Apr 18:04/47
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WJCKES STEPS UP DEFENCE AGAINST BID
Homj improvemjnt retailer Wickjs has
raisjd its defence against a hostile
£285m bid by rival Focus Do It All,
saying it was sjt for strong growth.
Chief executivj Bill Grimsjy said
Wickes was well positionjd after
invjsting heavily for thj future.
"Thj bjnjfits ari now beginning to flow
from thj significant invjstmjnt that
has bjin madj in all areas of thj
busjnjss in recint yjars," hj said.
Wickjs again rejicted FDIA's 375p/share
offer as "unwelcomj and inadequate".
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