By M&C Report team2007-07-26T08:19:00+01:00
SA Brain CEO Alistair Darby has stepped down from the company after the completion of a deal that sees Marston’s take over the running of its pubs.
The board of Marston’s has unanimously rejected a proposal of 105 pence per share, from Platinum Equity Advisors, stating that it “very significantly undervalues” the business.
An offer for Marston’s could come in at above 100p per share, according to analysts Liberum, in a note issued following the news that Platinum Equity Advisors had received an unsolicited non-binding proposal from the American PE firm regarding a possible cash offer for its share capital.
“I don’t foresee good quality managed houses becoming available any time in the near future,” Kris Gumbrell, chief executive, Brewhouse & Kitchen told listeners to MCA’s The Conversation.
BrewDog CEO James Watt has revealed despite enduring the toughest year in the company’s 13-year history, the business managed to turn a profit and grow revenues by 10%.
Lockdown is costing Greene King every pub on average of £4,500 every week, which equates to £7m a week for its managed pub estate, CEO Nick Mackenzie has said.
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