July 18, 2019 / 6:22 AM / a month ago

Slug and Lettuce owner to buy pub chain Ei in $3.7 billion deal

July 18 (Reuters) - Slug and Lettuce owner Stonegate Pub Company on Thursday offered to buy Ei Group in a deal that values the pub operator at 2.97 billion pounds ($3.70 billion) including debt.

Under the deal, Stonegate will offer 285 pence in cash for each Ei share. ($1 = 0.8037 pounds) (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Arun Koyyur)

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