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Takeover interest
Jan 31 2008 by Henryk Zientek, Huddersfield Daily Examiner
PUBS firm Mitchells & Butlers said “a number” of buyers were looking at a possible takeover of the business.
The Birmingham-based group, which runs the All Bar One and O’Neills chains, said adviser Citi had received “preliminary and tentative expressions of interest from a number of parties”.
The UK’s biggest managed pubs operator has been under pressure after a disastrous bet on interest rates cost the company £274m and its finance director resigned this week.
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