Restaurants & Bars

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Spirit Pub updates regarding possible offer from Greene King

7:01am BST

Spirit Pub Company plc:Announces that it received a revised proposal from Greene King on 18 October 2014 regarding a possible offer.Revised proposal comprises 0.1322 Greene King shares per Spirit share and a cash payment of 8 pence (including any 2014 final dividend) representing an indicative value of about 109.5 pence per Spirit share based on closing price of Greene King shares on Oct. 17.Under revised proposal, Spirit shareholders would own about 29 percent of combined new Greene King.Says Board is in discussions with Greene King in relation to these terms.

Young & Co's Brewery announces acquisition of 580 Ltd

Friday, 17 Oct 2014

Young & Co's Brewery Plc:To acquire the entire issued share capital of 580 Limited, a company that through itself and its subsidiaries owns and operates four pubs in prime London locations.Total consideration is 10.4 mln pounds on a debt free basis.


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