Punch Taverns gets takeover bid from Heineken

December 14, 2016 1:17 pm Published by

Punch Taverns gets takeover bid from Heineken

  • 14 December 2016
  • From the section Business

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Punch Taverns, one of Britain’s biggest pub owners, is considering two possible takeover offers.

Shares in Punch, which owns 3,300 about pubs, shot up by 33% to 172p following the announcement.

The first possible offer of 174p a share has come from the giant Dutch brewer Heineken, which already owns about 1,100 UK pubs.

The second approach, of 185p a share, is from Alan McIntosh, a founder of the Punch group.

Punch said it was in discussions with both possible bidders, but added: “There can be no certainty that any firm offer will be made by either [Heineken] or Emerald [Mr McIntosh’s investment firm].”

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