Singer under takeover spotlight
Kaupthing, which first appeared on Singer's shareholder register last week, now holds 18.4m shares, or 9.48%c of the equity, up from 5.96% on October 27.
It has said that it sees Singer as a very attractive investment that has shown good profitability despite tough markets. However, a spokesman for the Icelandic bank declined to say whether it intends to increase its stake further or make a bid for Singer.
