Regent and SFI in pub merger talks
Tuesday 02 February 1999
Shares in Regent jumped 21p to 191p, with SFI up 13p to 191.5p as analysts speculated that rival bidders may enter the fray. However, some pub experts said the ratings of both companies would deter other bidders.
Regent Inns controls 83 pubs including a handful of branded outlets under the Walkabout inns name. It also controls the Jongleurs comedy clubs. SFI, formerly known as Surrey Free Inns, has 55 pubs including the Bar Med and Litten Tree chains.
A merger would create a group with a market value of around pounds 290m with scope for cost savings of around pounds 3m-pounds 4m a year.
The City welcomed the news as pressure grows for consolidation in Britain's fragmented and over-supplied pub sector. It comes on the back of Wolverhampton & Dudley's bid battle with Marston Thompson & Evershed and Enterprise Inns' announcement that it is in talks with Inn Business regarding a possible deal.
Diving in at the deep end is no excuse for shirking the style stakes
- 2 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
- 3 Why I'm on the brink of burning my Israeli passport
- 4 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
- 5 The true Gaza back-story that the Israelis aren’t telling this week
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Loom bands: Bids for dress made from colourful rubber pass £170,000 on eBay
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Gaza-Israel conflict: The terrible price Palestinian children are paying for Israel’s war with Hamas
Rotten egg smell could help battle heart disease and Alzheimer's
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
iJobs Money & Business
£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...
£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...
£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...