VCI advised its shareholders to take no action. Kingfisher is already a market leader in entertainment retailing with its Woolworths and Music Video Club stores. It also owns Entertainment Direct, a music and video distributor.Reuse content
KINGFISHER, the Woolworths and B&Q retailer, is considering making a rival bid for VCI, the video, music and book publisher which produces the Manchester United books and videos. VCI agreed to a pounds 32.1m bid yesterday from Scottish Media, the television group. VCI shares soared 13p to 91.5p, well above the 80p per share figure agreed with Scottish Media.