http://www.reuters.com/article/2012/05/31/davidjones-sales-proper...

http://www.reuters.com/article/2012/05/31/davidjones-sales-property-idUSM0E7HG01820120531?feedType=RSS&feedName=privateEquity&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FprivateequityNews+%28News+%2F+US+%2F+Private+Equity+News%29

May 31 (Reuters) - David Jones, Australia's No.2 department store chain, said it has not received any "credible" takeover offers from private equity firms, and has no intention of selling its property assets."Nothing to report," said David Jones Chief Executive Paul Zahra when asked if David Jones had been approached by any private equity buyers.There had been "no credible" offers, he told journalists on a media call, declining to be drawn further.



Now how did we go from the above to Fridays fiasco?