July 2 Wed Jul 2, 2014 6:18am EDT
* Notes announcement by Destination Maternity Corporation that it is considering a possible offer for Mothercare
* On May 27, 2014 board received preliminary and highly conditional approach from destination maternity regarding possible offer at an indicative value of 250 - 275 pence per Mothercare share
* Reviewed proposal in detail and concluded that it significantly undervalued mothercare and its attractive prospects
* Board had a number of material concerns regarding deliverability of value to Mothercare's shareholders and significant execution risk associated with proposal
* June 1, received a further approach at an indicative value of 300 pence per Mothercare share in a mix of 75 percent
* Revised proposal was rejected on June 3, 2014 Source text for Eikon: Further company coverage:
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