Summary
The finance director of Whitbread has denied the group was behind a failed takeover bid for hotel group De Vere.
Chris Rogers said that there were "clearly cheaper ways to get the management back" - referring to Carl Leaver who left Whitbread in 2003 to join De Vere as chief executive.See the full content of this document
Extract
Whitbread Wasn't Bidding for de Vere
De Vere said yesterday that it had rejected a takeover approach from an unnamed bidder as it failed to reflect the value and prospe...
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