Credits role in Pinewood bid saga as Peel raises its offer
Thursday 28 April 2011
The British studio behind the James Bond and Harry Potter franchises is set to change hands after a deal worth £96.1m was agreed yesterday.
The board of Pinewood Shepperton has recommended a bid of 200p per share – plus a 2.5p dividend – from Peel Holdings. The move was backed by significant shareholder Crystal Amber. Insiders said the terms of the deal would likely scare off a possible counterbid as the board would only back a rival offer that valued the group at more than 250p per share.
The former owner of Harrods, Mohamed Al Fayed, had indicated hisinterest in a possible offer for the 75-year-old studio where the fourth Pirates of the Caribbean film was shot last year. His interest convinced Peel Holdings, which currently owns 29.7 per cent of the group, to increase its bid from £87.8m. Investec analyst Steve Liechti said the structure of the offer "appears to suggest a done deal" adding it was a "reasonably fair price".
- 1 Oxygen-starved 'dead zones' with no marine life up to 100-miles long discovered in the Atlantic Ocean
- 2 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 3 Indonesia executions: Death row British grandmother Lindsay Sandiford will refuse to wear a blindfold when she faces firing squad
- 4 How the language you speak changes your view of the world
- 5 Tory activist asked to step down after Labour candidate Rupa Huq is 'manhandled' while questioning Boris Johnson on the campaign trail
General Election 2015: Fishing is on Nigel Farage's mind as he casts a line to the disaffected of Grimsby
The man who filmed the Freddie Gray video has been arrested at gunpoint
Indonesia executions: Death row British grandmother Lindsay Sandiford will refuse to wear a blindfold when she faces firing squad
Oxygen-starved 'dead zones' with no marine life up to 100-miles long discovered in the Atlantic Ocean
Russian warships accused of 'chasing away' Swedish vessel to prevent Baltic States from achieving energy independence
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: SNP and its activists 'openly racist' towards the English, Farage says
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
iJobs Money & Business
£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...
£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...
£16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...
£18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...