A fall in its share price to a two-year low led to speculation that Domino’s Pizza Group is ripe for a takeover JOE RAEDLE/GETTY IMAGESDomino’s Pizza Group was being tipped as a possible bid target last night after a disappointing set of first-half results caused a fresh slump in its already battered share price. Analysts said that yesterday’s 15½p fall to a two-year low of 263¾p, down a third since March, could attract the acquisitive attentions of Domino’s Pizza Enterprises, its Australian counterpart and its partner in Germany. Douglas Jack, at Peel Hunt, the broker, pointed out that both the American and Australian Domino’s were trading on multiples roughly double that of their British counterpart. However, David Wild, Domino’s chief executive, played down the idea. “I think that’s something that’s not very likely to happen, but you never know,” he said.

Source: The Times July 25, 2017 22:52 UTC