7 Nov 2014 16:05
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Punch Taverns PLC Share News (PUB)
PUB Share
Price
PUB Share
News
PUB Share
Chat
PUB Share
Trades
PUB
Live RNS
PUB Share
Charts
PUB Broker
Ratings
PUB Directors
Deals
PUB Financial
Diary
PUB
Fundamentals
PUB Short
Positions
PUB
Media
Punch Taverns PLC Information
- There is currently no data for PUB
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Punch Taverns surges on two takeover offers, one from Heineken
Wed, 14th Dec 2016 12:02
(ShareCast News) - Shares in Punch Taverns rocketed on Wednesday after the pub operator confirmed it has received two takeover offers, one from Patron Capital Advisers on behalf of Dutch brewer Heineken and the other from Emerald Investment Partners. Patron has offered 174p per share, while Emerald - a private equity firm founded by wealthy entrepreneur Alan McIntosh, who co-founded Punch - has offered 185p per share.As part of Patron's deal, Heineken would acquire Punch A, one of the two securitisation structures within the Punch group, from Patron immediately following completion of the offer.Punch said it was in advanced discussions with Patron and Heineken and in discussions with Emerald."There can be no certainty that any firm offer will be made by either Patron or Emerald. A further announcement will be made in due course," Punch said.The statement followed a report earlier by Sky News that Heineken was involved in a secret takeover battle for the group.Back in November, Punch said it swung to a pre-tax profit in the 52 weeks to 20 August.The group reported pre-tax profit of £60m versus a loss of £105m the year before. However, underlying pre-tax profit fell to £53m from £61m and revenue declined to £406.8m from £420.8m.Chief executive officer Duncan Garrood said at the time: "The business has ended the year with a solid set of results, in line with our expectations, and which reflects the completion of our strategic disposal programme.At 1235 GMT, Punch shares were up 34% to 172.75p.
More News
7 Nov 2014 06:15
6 Nov 2014 15:28
6 Nov 2014 10:01
Thursday broker round-up UPDATE
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read more6 Nov 2014 06:17
5 Nov 2014 16:00
4 Nov 2014 08:04
UPDATE 1-Greene King, Spirit Pub agree on $1.24 bln takeover offer
(Adds details, background, share movement) Nov 4 (Reuters) - Brewer and pub owner Greene King Plc said it had reached an agreement on a recommended offer for Britain's Spirit Pub Company Plc, valuing Spirit Pub at about 773.6 million pounds ($1.24 billion). The offer values each Spir
Read more4 Nov 2014 07:29
Greene King, Spirit Pub agree on $1.24 bln takeover offer
Nov 4 (Reuters) - Brewer and pub owner Greene King Plc said it had reached an agreement on a recommended offer for Britain's Spirit Pub Company Plc, valuing Spirit Pub at about 773.6 million pounds ($1.24 billion). The deadline for the takeover offer was extended last week to hold further
Read more9 Oct 2014 15:32
Numis Securities upgrades Punch Taverns after debt shake-up
Prospects for Punch Taverns are looking up after the pub company completed its debt overhaul, according to Numis Securities. The broker upgraded Punch to 'buy' from 'hold' with a target price of 10p. It said it preferred Punch to rival Enterprise Inns as Punch, which this week completed a restructu
Read more9 Oct 2014 09:27
Thursday broker round-up UPDATE
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read more8 Oct 2014 08:07
BUZZ-Punch Taverns: hits 21-month low on equity dilution
** British pub company Punch Taverns falls 7.3 pct to lows not seen since January 2013 after news of an equity dilution. ** Received approval on Tuesday from Royal Bank of Scotland to restructure its 2.3 billion pound debt. ** Under the restructuring plan released in June, Punch's net
Read more7 Oct 2014 13:32
Punch Taverns gets final approval for restructuring
Oct 7 (Reuters) - Punch Taverns Plc said it had received approval from Royal Bank of Scotland Plc for its plan to restructure its 2.3 billion pound ($3.70 billion) debt, allowing the restructuring to proceed. The pub operator said in August that owners of 65 percent of its notes supported t
Read more