Summary
Regent Inns discovered it was a dog-eat-dog world in the pubs sector yesterday when it became a bid target just months after its second effort to buy a competitor failed.
The owner of the Walkabout and Bar Risa chains confirmed an approach in response to a 13 per cent rise in its shares over the past week, while heavy trading yesterday nudged the stock a further ten per cent higher to value the group at pounds 137.1 million.See the full content of this document
Extract
Secret Suitor Targets Pubs Giant Regent Inns
Regent, represented in Birmingham by the Walkabout in Broad Street, kept the identity of the sui...
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