The £90m cash offer for Carluccio’s, the Italian restaurant chain, was officially tabled today by C1 Acquisitions, a company owned by the Landmark Group.
It has set a deadline for acceptance of the offer of 1 October.
News of the Landmark bid was revealed on 2 September. If shareholders approve the deal, the Carluccio’s board will rollover their holdings and options into the new vehicle.
Landmark, which already owns a 5% stake in the company, has been advised by Rothschild.
However, rumours persist that Richard Caring, the serial entrepreneur, could step in with a separate bid for the company.
