Guinness Peat Group (GPG) has renewed its attack on Young & Co.
The investment activist, which holds 10% of the brewery, called for the Young family to take the company private at a price of £116.2m. It suggested an offer of £10 per voting share and £7.50 per non-voting share.
It has asked for a resolution to be presented at the annual meeting on July 17.
In the past GPG has suggested Young's should buy another regional brewer or enfranchise its non-voting shares.
Young's voting shares rose 12¢ p to 837¢ p, and its non-voting shares rose 20p to 645p.
Financial Times 16/06/01 page 19 (News Digest)
The Daily Telegraph 16/06/01 page 31
The Times 16/06/01 page 44 (Stock Market)
The investment activist, which holds 10% of the brewery, called for the Young family to take the company private at a price of £116.2m. It suggested an offer of £10 per voting share and £7.50 per non-voting share.
It has asked for a resolution to be presented at the annual meeting on July 17.
In the past GPG has suggested Young's should buy another regional brewer or enfranchise its non-voting shares.
Young's voting shares rose 12¢ p to 837¢ p, and its non-voting shares rose 20p to 645p.
Financial Times 16/06/01 page 19 (News Digest)
The Daily Telegraph 16/06/01 page 31
The Times 16/06/01 page 44 (Stock Market)
