Ratners Group PLC, a fast - growing, acquisition - minded London - based jeweler, raised its price for Seattle - based specialty jeweler Weisfield's Inc. to $57.50 a share, or $62.1 million, from $50 a share, or $55 million, after another concern said it would be prepared to outbid Ratners's initial offer. The other concern wasn't identified.
In an attempt to outbid Ratners's group, London based jeweler Ratners Group PLC raised its price for Seattle based jeweler Weisfield's Inc. to $57.50 (62.1 million dollars) from $50 a share ($55 million dollars) after unfounded concerns surfaced.