Pubmaster and Robert Breare's Noble House Leisure both plan to make full offers for Wolverhampton and Dudley Breweries.

Mansfield brewery personnel, led by Mansfield's former managing director, Ron Kirk, are also considering a £50m management buy-in.

Pubmaster and Robert Breare are confident of having formal offers ready in the next month.

Wolves has been paying staff loyalty bonuses to retain them in the face of indicative bids from Breare and Pubmaster.

Financial Times 28/04/01 page 2 (Review, Weekend Money)

The Daily Telegraph 28/04/01 page 33 (The Week)

Sunday Business 29/04/01 page 5