CI Traders has failed to respond to a bid from Alchemy made more than seven weeks ago. Alchemy offered 85p a share for the entire share capital of the group, formed when Channel Islands groups Le Riche Group and Ann Street Group merged three years ago. CI Traders sold Bluebeckers and Edwins Brasseries in Britain to The Restaurant Group in June for £27m. The Times 10/09/05 page 58 (Need to know), page 61