MARKS & SPENCER SUBJECT OF TAKEOVER RUMORS

LONDON -- Marks & Spencer, owner of Kings Super Markets, West Caldwell, N.J., here is the subject of takeover rumors as at least one potential bidder admitted he was eyeing the struggling British retailer. But Tesco, the U.K.'s largest food retailer, downplayed reports it was planning to make an offer for the chain.Philip Green, a British entrepreneur who has earned a fortune from buying and dismantling

LONDON -- Marks & Spencer, owner of Kings Super Markets, West Caldwell, N.J., here is the subject of takeover rumors as at least one potential bidder admitted he was eyeing the struggling British retailer. But Tesco, the U.K.'s largest food retailer, downplayed reports it was planning to make an offer for the chain.

Philip Green, a British entrepreneur who has earned a fortune from buying and dismantling struggling U.K. retailers, confirmed to the U.K. Takeover Panel that he has a

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