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Focus' suitors work together to tie up deal

Published: 1 June 2007
Cerberus Capital Management, a private investment company, is reportedly working with Hilco, the US distressed debt specialist to acquire Focus DIY.
Focus' suitors work together to tie up deal
A report in today's Times says the two are in discussions about the ailing retailer.

In January, Focus called in investment bank N M Rothschild to carry out a strategic review to help shed a £280m debt mountain.

An announcement about the future of Focus is expected at the end of next week, the paper adds.

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