City Pub Group's shares have surged by 37% after the company announced its agreement to a £162 million ($201.2 million) takeover by Young & Co.'s Brewery. However, it is expected that there will be job cuts following the completion of the deal. At 13:52 GMT, the shares were up 36.50 pence, reaching 135.50 pence, whereas Young shares declined by 10.0 pence or 0.9% to 1,100.0 … [Read more...] about City Pub Group Shares Rise after Takeover Agreement with Young & Co.’s Brewery
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Pendragon Receives Unsolicited Acquisition Proposal from AutoNation
Pendragon, a leading U.K. motor dealership, announced that it has received an unsolicited proposal from AutoNation to acquire its entire share capital. The proposal, valued at 32 pence per share in cash, puts the business at an estimated worth of 448 million pounds ($547 million). While Pendragon acknowledges AutoNation's interest, they have noted that the proposal is subject … [Read more...] about Pendragon Receives Unsolicited Acquisition Proposal from AutoNation
