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Published on 1 - June - 2007
Focus' suitors work together to tie up deal
Cerberus Capital Management, a private investment company, is reportedly working with Hilco, the US distressed debt specialist to acquire Focus DIY.
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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