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C&C will not make an offer for Spirit Pub

By BFN News | 03:13 PM | Tuesday 06 January, 2015


Cider and beer manufacturer, marketer and distributor C&C Group says it does not intend to proceed with an offer for Spirit Pub Co. C&C says a combination with Spirit no longer meets the group's risk adjusted return criteria. Spirit Pub Co's board noted the announcement by C&C and said that the timetable for the recommended offer by Greene King is as announced on 18 December with the relevant meetings of Spirit shareholders on 13 January. Completion is expected by the end of the first half of the year. At 3:13pm: (LON:CCR) CC Group PLC share price was +0.07p at 3.75p (LON:SPRT) Spirit Pub share price was +0.8p at 101.9p Story provided by StockMarketWire.com

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