Quintain to pay pounds 139m for Chelsfield

Quintain to pay pounds 139m for Chelsfield

QUINTAIN ESTATES has agreed to pay pounds 139m for Chelsfield Properties, the property company which owns Curzon Cinemas and eight West End theatres. Quintain yesterday offered 250p in cash and 1.294 new Quintain shares for each Chelsfield share. Quintain, which said it had received irrevocable undertakings for over 29 per cent of Chelsfield shares, said it would sell Curzon but retain the theatres, which include Wyndham's.