Punch price deters rival Allied bidder

THE POSSIBILITY of a renewed bid battle for Allied Domecq's pub estate was in effect scotched yesterday when a potential rival consortium to Punch Taverns' pounds 2.75bn bid indicated that it was unlikely to beat the Punch price.

Allied board settles on pounds 2.75bn Punch pub bid

ALLIED DOMECQ finally agreed to sell its pub estate to Punch Taverns yesterday in a pounds 2.75bn deal which brings to an end months of bad- tempered wrangling.

Allied board in talks with Punch

ALLIED DOMECQ, the drinks group, finally agreed to start talks with Punch Taverns yesterday regarding the sale of its pub estate following Whitbread's withdrawal from the fight.

How Osmond gatecrashed the party

"ALLIED HAS tons and tons of shitty pubs in great sites and it is crap at management." It is easy to see why Sir Christopher Hogg, the urbane chairman of Allied Domecq, has never exactly warmed to Punch chairman Hugh Osmond.

Whitbread uses Carlsberg to boost its bid for Allied

ALLIED DOMECQ and Whitbread yesterday launched a joint effort to bolster the Whitbread bid for Allied's 3,600 pub estate by claiming that Carlsberg would block any attempt by rival bidder, Punch to break up the estate.

The latest news from the Motley Fool: Investors bamboozled by war of the boozers

The Motley Fool started as an irreverent investment newsletter and has grown to become one of the most popular personal finance and investment websites. Anyone who follows its philosophy is called a `Foolish investor'.

Punch raises bid for Allied pubs to pounds 2.85bn

THE TAKEOVER battle for Allied Domecq's pubs and off-licences entered a dramatic new phase yesterday when Punch Taverns stole a march on its rival Whitbread by boosting its offer to pounds 2.85bn in cash.

Whitbread under pressure to raise bid for pubs

WHITBREAD is coming under intense shareholder pressure to raise its bid for Allied Domecq's pub estate and avoid defeat at the hands of Punch Taverns' higher offer.

Allied Domecq rejects Punch's pounds 2.7bn offer

PUNCH TAVERNS, the privately controlled pubs group, is to take its pounds 2.7bn offer for Allied Domecq's pub estate direct to Allied's shareholders after the Allied board rejected its offer as "insufficiently attractive" and backed the rival bid from Whitbread instead.

Mr Punch aims at Allied Domecq

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Punch set for pounds 2.7bn offer

PUNCH TAVERNS will launch a bid of around pounds 2.7bn for Allied Domecq's 3,600 pubs this week in an attempt to wrest control of the estate from the clutches of Whitbread.

Whitbread sale opposed

PUNCH TAVERNS will urge the Office of Fair Trading this week to block the disposal of Whitbread's breweries.

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