Revolution Bars Takeover Rumours (RBG)

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. What’s more, the group is “expected to be highly cash generative and financed conservatively, â€￾ and there is to be “no change to Revolution’s existing dividend policy.“

From LSE: "I wouldn’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?

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.

Loading up before the takeover rns comes.

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.