Inventive knocks back Ultimate bid interest

From The Publican

04-Nov-2005

Related topics: Company & City News

Ultimate Leisure has had a bid for Revolution vodka bar operator Inventive Leisure turned down.

 

Ultimate, headed by Mark Jones (pictured) said it had made a preliminary indicative approach to Inventive's committee overseeing bid offers, but that despite asking for company information to date it had not received any.

 

In a statement Inventive confirmed it had received an approach from Ultimate but had decided not to proceed with it.

 

"We can confirm that we have received a preliminary indicative approach from Ultimate Leisure Group plc regarding a potential offer for Inventive Leisure.

 

"The Independent Directors, together with their advisers, have considered all approaches and, as set out in our AGM statement yesterday, active discussions are ongoing with a private equity house."

 

Names in the frame regarding the potential bidder include Alchemy Partners.

Find us on Facebook

Spotlight

Poppelston Allen: Understanding recorded and live music law

10 tips on the Live Music Act

Never has the law relating to live and recorded music been so complex. Here is a brief...

National Minimum Wage - what you need to know

National Minimum Wage - what you need to know

HMRC is naming and shaming pubs, hotels and restaurants that pay below the national minimum wage. The...

The Big Interview: Mike Benner, SIBA

The Big Interview: Mike Benner, SIBA

In June Mike Benner left the Campaign for Real Ale (CAMRA) after 20 years of campaigning, to...

Q&A: New pub food allergy requirements

Q&A: New pub food allergy requirements

Whether or not you serve food in your pub, the balance between your culinary and administration skills...

Follow us on