Mitchells & Butlers to tap investors for £350m
Pub group Mitchells & Butlers said it is looking to raise £350million from its largest shareholders and has agreed a new £150million refinancing deal with its banks to help it stay afloat during the pandemic. The group, which owns All Bar One, Toby Carver and Harvester, said it would offer 167million new ordinary shares at 210p each, which is a 36 per cent discount to Friday's closing price. The pub chain is one of the few companies that has not yet turned to shareholders to raise funds, although it did signal in January that it was considering the move after the third lockdown deliver...
Source: thisismoney.co.uk