Oct 20 (Reuters) - Spirit Pub Company Plc
* Update regarding possible offer from Greene King Plc
* Received a revised proposal from Greene King on 18 October 2014 regarding a possible offer for spirit
* Representing an indicative value of approximately 109.5 pence per spirit share
* Spirit shareholders would own approximately 29 percent of combined new greene king.
* Board of Spirit has indicated to Greene King that it would be willing to recommend an offer at level
* Board is in discussions with Greene King in relation to these terms Source text for Eikon: Further company coverage: [SPRTC.L GNK.L]