THG shares surge on takeover interest from entrepreneur Candy

　　THGs shares surged 27 in early trading on Friday after the ecommerce company rejected a takeover proposal from two investment groups and saw buyout interest from property tycoon Nick Candy.p

　　pTHG had late on Thursday rebuffed a proposal of 170 pence per share from Belerion Capital and King Street Capital Management, saying it undervalued the company.pdivdivdiv classBodysc17zpet90 cdBBJodiv

　　pThe approach was at a premium of about 46 to the last closing price of THG shares. The companys stock closed at 116 pence on Thursday, giving it a valuation of 1.42 billion pounds 1.77 billion.p

　　pMeanwhile, Candy Ventures – the investment vehicle of British entrepreneur Candy – said on Thursday it was in the early stages of making a possible offer for THG.p

　　p1 0.8021 poundsp