Greene King this morning said that it had received acceptances representing 57.8% of Belhaven's share capital for its £187m offer for the group The offer has been extended for 14 days and will close on 29 September. Analysts have expressed concern that Greene King has paid too much for a company set to be hit by Scotland’s smoking ban in 2006. Greg Feehely, analyst at Altium Securities, said: "Greene King always seems to pay full prices for its acquisitions, but admittedly has a good track record with their subsequent integration. "However, in this instance they have paid the highest multiple so far for a business with potentially the most downside risk."