IRISH financiers John Magnier and JP McManus are being linked with a takeover bid for the British pub group, Mitchells & Butlers (M&B), which could value the business at more than £1.7 billion (€1.9bn).

BRITISH pub group Mitchells & Butlers (M&B) – in which Irish financiers John Magnier and JP McManus have a sizable shareholding through their Elpida investment vehicle – has reported a 2% year-on-year increase in sales for the 12 months to the middle of September.

THE main independent shareholders of British pub group Mitchells & Butlers (M&B) – specifically British financier Joe Lewis and Irish businessmen John Magnier and JP McManus – have succeeded in overthrowing the group’s board after months of hostility.

FINANCIERS John Magnier and JP McManus are to oppose the re-election of the board of directors of British pub group Mitchells & Butlers (M&B) at the company’s annual general meeting later today.

BRITISH pub operator Mitchells & Butlers (M&B) – in which Irish financiers John Magnier and JP McManus are significant shareholders – said trading has been strong since the start of its current financial year, at the end of September.

BRITISH pub operator Mitchells & Butlers (M&B) – in which Irish investors John Magnier and JP McManus have a combined 17.5% shareholding – has announced a series of planned changes to its board of directors.

MANAGEMENT at British pub and restaurant owner, Mitchells & Butlers (M&B) is preparing a submission to the British Panel on Takeovers and Mergers regarding what it sees as an attempt by some of the group’s largest shareholders to force control of its board.