Retail billionaire Brett Blundy is understood to have lobbed a $1.89 a share bid for listed retailer Best & Less, in a proposal that is a 4.5 per cent discount to the last close but has support from the target’s largest shareholder Allegro Funds.
Two months ago, the two hottest topics in the bedding business were Serta Simmons Bedding filing for Chapter 11 and when or if Tempur Sealy International was going to acquire .