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Topps Tiles ( (GB:TPT) ) has issued an announcement.
Topps Tiles announced that the Competition and Markets Authority (CMA) has approved in principle the company’s proposed remedies regarding the acquisition of the brand and certain assets of CTD Tiles, avoiding a Phase II investigation. This development is expected to positively impact Topps Tiles’ operations by facilitating the acquisition process and potentially strengthening its market position.
More about Topps Tiles
Topps Tiles Plc is the UK’s largest specialist supplier of tiles and associated products, focusing on the UK domestic and commercial markets. It serves a wide range of customers including homeowners, trade customers, architects, designers, and contractors through its 300 stores nationwide, a commercial showroom in London, and multiple customer-facing websites.
YTD Price Performance: -14.47%
Average Trading Volume: 192,094
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £63.92M
For a thorough assessment of TPT stock, go to TipRanks’ Stock Analysis page.