LONDON, May 26 (Reuters) - Britain's competition watchdog said it was likely to give the go-ahead to pub group Green King's takeover of rival Spirit in light of an offer by the former to sell a total of 16 pubs. The Competition and Markets Authority (CMA) had earlier this month said it woul
Read moreThe UK's Competition and Markets Authority said on Tuesday that it has considered the undertakings offered by brewer and pubs operator Greene King in respect of its acquisition of Spirit Pub Co and that it may be willing to give the stamp of approval to the deal. Chief executive Rooney Anand said: "
Read moreThomas Cook Group led the risers after Credit Suisse said it sees an attractive risk-reward balance at the tour operator upgrading its rating from 'neutral' to 'outperform'. Greene King rebounded from Monday's losses, which came as the Competition and Markets Authority said that its bid for sector p
Read more** Greene King (GK) outperforms sharply lower FTSE 250 as JPMorgan upgrades to "overweight" vs "neutral" ** Says UK pub sector, for all its challenges, offers good exposure to UK consumer environment ** JPM flags major pub cos have generally stable & predictable cash flows with attrac
Read moreThe Competition and Markets Authority has said that Greene King's bid for sector peer Spirit Pub Company will be referred for an in-depth phase II investigation, unless acceptable undertakings are offered. Greene King and Spirit run respectively around 1,900 and 1,200 pubs and small restaurants in t
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