Tchenguiz to Move Fast with Pounds 2.5bn Bid Atmb

Summary


ENTREPRENEUR Robert Tchenguiz plans a bid of more than Pounds 2.5 billion for pubs group Mitchells Butlers within the next ten days, well within the May 8 deadline set by the Takeover Panel on Friday.

MB shares are now 486p and Tchenguiz's investment vehicle, R20, is set to offer from 525p to 550p.

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Extract


Tchenguiz to Move Fast with Pounds 2.5bn Bid Atmb

A spokesman for Tchenguiz said: 'Negotiations are at...

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