Shareholders react to rejected M&S bid

Marks & Spencer fell 20p or 5.5% to 344p - its biggest drop in a year after Green withdrew his offer for the company after a seven-week takeover battle, and cited Paul Myners in the media as the chief reason for M&S’ rejection of the offer. The FTSE 100 index slipped 17.2 points or 0.4% to 4355 points while the FTSE All-Share index shed 7.3 points or 0.3% to 2171 and the FTSE 250 index is down a fraction to 6059.7. AstraZeneca has fallen 27p or 1.1% to £23.46 after Goldman Sachs suggested one of its Indian rival could hurt sales and its share price as a result. In Asia, the Korean ...