CAMRA in 'save Jennings' call

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Related tags: Beer, Jennings brewery

The Campaign for Real Ale (CAMRA) is calling on Jennings Brewery shareholders to act now to protect the company's independence, following speculation...

The Campaign for Real Ale (CAMRA) is calling on Jennings Brewery shareholders to act now to protect the company's independence, following speculation that Wolverhampton & Dudley Breweries (W&DB) is planning a takeover.

W&DB has confirmed it is in talks with the board of Jennings, about making a recommended cash offer, subject to due diligence. At 430p a share, a bid would value Jennings at around £46m. In the last financial year Jennings Brewery has recorded a 13.4 per cent rise in profits.

Mike Benner, chief executive of CAMRA, said: "Any bid from W&DB for Jennings Brewery will not only be bad news for consumers and employees, but also for the wider community in Cumbria, which faces the potential loss of a unique local brewer.

"CAMRA is calling for shareholders to put pressure on the Jennings board to reject any bid from W&DB.

"W&DB's promise to keep Jennings Brewery open, however genuine, is no guarantee.

"CAMRA is urging all shareholders to oppose a takeover to save Jennings Brewery."

Related topics: Beer

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