The Restaurant Group plc : +37% after Apollo takeover bid -October 12, 2023 at 05:10 am EDT
The Restaurant Group is up 37% in London after accepting Apollo's £506 million takeover offer. Shareholders will receive GBX 65 in cash.
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The Restaurant Group is up 37% in London after accepting Apollo's £506 million takeover offer. Shareholders will receive GBX 65 in cash.
The Restaurant Group told investors it had rejected three previous takeover bids by the American private equity giant but has now reached a deal valuing its shares at around £506million.
Sale comes after The Restaurant Group was targeted by a string of activist investors
The Restaurant Group - which owns brands including Wagamama - is being taken over by a private equity giant in a £700m deal.
The index gained 24.75 points, or 0.32%, to close at 7,644.78.