Marston denounces Wolves

Marston denounces Wolves

MARSTON THOMPSON & Evershed, the regional brewer embroiled in a bitter bid battle with Wolverhampton & Dudley, issued its final defence document yesterday denouncing its rival's strategy as "inefficient" and "backward." Marston, chaired by Michael Hurdle (pictured), has responded to Wolves' pounds 288m bid with a pounds 317m counter-offer. It urged its shareholders to "ignore W&D's empty rhetoric, look at the grim reality of their record." However, the group failed to increase its own offer, leaving shareholders to decide between the two strategies.