21-02-2024
From 2017:
Takeover battle raging
Revolution is currently in the middle of a takeover battle between Stonegate Pub Company Limited, which is offering 203p per share in cash for the firm, and the Deltic Group Limited, which is proposing an all-share merger.
Today Deltic revealed its latest offer for Revolution. The proposal provides for a combination under which existing Revolution shareholders would own 65% of the group, and Deltic owners would hold 35% of the enlarged group. According to the buyer, the combined group should benefit from approximately £6.8m of currently identified pre-tax cost synergies and approximately £0.9m of pre-tax financing synergies. Whatââ¬â¢s more, the group is ââ¬Åexpected to be highly cash generative and financed conservatively, ââ¬ï¿¾ and there is to be ââ¬Åno change to Revolutionââ¬â¢s existing dividend policy.ââ¬Å
16-02-2024
From LSE:
"I wouldnââ¬â¢t be surprised to see a takeover offer. Stonegate offered just over £100 million which Revolution rejected. This was in 2017, before the pandemic, but still shows how undervalued this currently is at £6.5 million MCap. I think for the right offer Revolution would consider selling the Bars to focus on the Peach Pubs / food side of the business themselves. Slightest whiff of an interest and the SP flys imo."
Found it!
Alliance News) - City Pub Group PLC on Thursday agreed to a cash and shares takeover offer from Young & Co's Brewery PLC worth around GBP162 million, while Young's also said half-year profit rose.
These guys wouldn't be interested in RBG would they?
05-01-2024
Paul scott was pumping this on Vox calling it a "sitting duck for a takeover bid" and a "speculative trade" for him.
Https://youtu.be/-3TLKFCREAY?si=rPlcZIkHUc3doS8C&t=3156
Unbelievable, jeff.
17-11-2023
Loading up before the takeover rns comes.
16-11-2023
Some interest in the Take over business today...
(Alliance News) - City Pub Group PLC on Thursday agreed to a cash and shares takeover offer from Young & Co's Brewery PLC worth around GBP162 million, while Young's also said half-year profit rose.
City Pubs is a London-based owner and operator of 52 pubs, while Young's is a London-based operator with 226 managed pubs and one tenanted pub.