Six Continents bidding war heats up

The hostile bidding war brewing around Six Continents heated up today with the pubs to hotels group firmly rejecting a £5.5bn (€8bn) bid from entrepreneur Hugh Osmond.

Six Continents bidding war heats up
Mon, 03 Mar, 2003 - 16:44

The hostile bidding war brewing around Six Continents heated up today with the pubs to hotels group firmly rejecting a £5.5bn (€8bn) bid from entrepreneur Hugh Osmond.

Earlier today Mr Osmond tabled an offer through his Aim-listed bid vehicle, Capital Management & Investment (CMI), which valued the leisure group at 648p per share.

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CourtsHeathrowPlace: SixPerson: Hugh OsmondPerson: OsmondPerson: Tim ClarkeOrganisation: Six ContinentsOrganisation: Capital Management & InvestmentOrganisation: CMIOrganisation: Six Continents’Organisation: Inter-Continental HotelsOrganisation: Holiday Inn hotelsOrganisation: All Bar One pubs
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