All Economics articles – Page 65
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News
Blackstone and CVC to bid for M&B
Blackstone and CVC, two of the biggest names in private equity, are understood to be working in concert on a bid for Mitchells & Butlers (M&B), the pub and casual dining group.It is thought that proposal would see M&B shareholders, which include Robert Tchenguiz’s R20 group, retain a stake of ...
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Weekend Press
Punch shareholders in M&B mutiny
Mitchells & Butlers has agreed to look at Punch Taverns’ merger proposals under which both companies’ shareholders would hold 50% of the enlarged pubs group. But Punch shareholders have warned they will vote against any deal if it dilutes their stakes. They claim that Punch will hand over £175m in ...
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News
Punch rubbishes R20 property deal talk
Punch Taverns has dismissed suggestions that it might agree a property deal with Robert Tchenguiz’s R20 as the price for securing the entrepreneur’s support for its proposed £11bn merger with Mitchells & Butlers (M&B).Tchenguiz, who has a 23% stake in M&B, had been in negotiations with the group over a ...