Denial of takeover rumours

This last Monday saw an intensification of the rumour-mongering once more: according to a number of print and online media sources, Kingfisher was talking with potential takeover candidates. Home Depot and Lowe's were said to be interested parties. Upon inquiry, Kingfisher said that CEO Gerry Murphy had met representatives from Home Depot and Lowe's last week, but these were routine meetings to discuss matters of general interest.
Meanwhile, Goldman Sachs analysts estimate that Home Depot could achieve per-share earnings accretion of 7.8 per cent this year from such an acquisition, assuming it pays a 20 per cent premium to Kingfisher's current share price.