Greene King nears Capital Pub Co deal completion

Greene King nears Capital Pub Co deal completion

Greene King is nearing completion of its acquisistion of Capital Pub Co after declaring its offer for the group unconditional.

Greene King said today (22 August) that its GBP93m (US$153m) offer for Capital Pub Co has become unconditional. The offer became unconditional after the Old Speckled Hen brewer agreed deals with enough of Capital's shareholders to buy at least 90% of the firm.

"All the conditions of the Offer have now been satisfied or waived," said Greene King. The brewer and pub group beat rival Fuller, Smith & Turner to a deal with Capital