Capital's Tomahawk offer unconditional
The Capital Pub Company has reported that, following its recommended £5.03m cash offer for Tomahawk Pub Company, it has received acceptances from shareholders representing more than 76% of the company's equity.
Capital has therefore declared the offer unconditional in all respects and has extended it to 1pm on Friday, 30 June.
James Bruxner, Capital's chairman, said: "We are delighted that our recommended cash offer for Tomahawk Pubs Limited has been declared unconditional. The Black Swan and the Morgan Arms are terrific additions to our estate, which now totals 30 pubs in and around London.
"This transaction again highlight's the group's ability to purchase top quality pubs that will be value enhancing to the group and underpins our successful strategy of building a high-quality, unbranded, predominantly freehold estate of high turnover pubs."
