News

UK: Fuller, Smith & Turner handed deadline for Capital Pub Co deal

Most popular

The just-drinks Analyst returns

Could a Pernod offload revolutionise wine?

Carlsberg's priorities for the years ahead

Why drinks companies will struggle to break Gen Z

Heineken Performance Trends 2014-2018 - data

MORE

The UK Takeover Panel has set a 'put up or shut up' deadline for Fuller, Smith & Turner over the group's interest in Capital Pub Co.

//i2.aroq.com/1/londonpride.jpg

Fuller's has agreed to state whether or not it intends to make a firm offer for Capital by 17:00 on 1 August. Capital asked the Takeover Panel to set a deadline as relations between it and Fuller's have turned increasingly ugly.

Capital said today (5 July) that it welcomes the Takeover Panel's decision. It said that it continues to believe that Fuller's GBP54m (US$86.6m) takeover approach "substantially undervalues the business and prospects of the company".

Last month, London Pride brewer Fuller's suggested that Capital's expansion plan looks unrealistic. "Fuller's believes that Capital will most likely be required to issue further equity to fund its growth strategy should it wish to continue acquiring freehold assets in London," it said. The London-based group added that its offer compares favourably with recent deals in the UK pub sector.


Related Content

Who won in results season, how to read the warning signs and will UK beer ever stop consolidating? - The just-drinks Analyst

Who won in results season, how to read the warning signs and will UK beer ever stop consolidating? -...

UK: Fuller's bid for Capital Pub Co turns ugly

UK: Fuller's bid for Capital Pub Co turns ugly...

UK: Fuller, Smith & Turner FY profits jump

UK: Fuller, Smith & Turner FY profits jump...

just On Call - We're ready for minimum pricing - C&C Group CEO

just On Call - We're ready for minimum pricing - C&C Group CEO...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?