UK brewer agrees takeover of Jennings Brothers

Wolverhampton & Dudley Breweries today said it had agreed a £45.8m (€67.3m) takeover of Lake District brewer and pubs group Jennings Brothers.

UK brewer agrees takeover of Jennings Brothers
Wed, 27 Apr, 2005 - 09:16

Wolverhampton & Dudley Breweries today said it had agreed a £45.8m (€67.3m) takeover of Lake District brewer and pubs group Jennings Brothers.

The Midlands brewer said the 430p per share offer was 32% higher than Jennings’ closing mid-market price of 325p per share on April 8, the final day before the two groups disclosed they were in talks.

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CourtsBusinessHeathrowPlace: UKPlace: Lake DistrictPlace: CockermouthPerson: Ralph FindlayPerson: John RudgardPerson: JenningsOrganisation: Jennings BrothersOrganisation: Wolverhampton & Dudley BreweriesOrganisation: WolvesOrganisation: Drinkers'Organisation: Campaign for Real AleOrganisation: Jennings'Organisation: Jennings’Organisation: CockermouthOrganisation: Cumberland AleOrganisation: JenningsOrganisation: Jennings BreweryOrganisation: Wolves’Organisation: W&DB
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