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IN BRIEF: Court sanctions Fortress-backed takeover of Loungers
Loungers PLC - Bristol-based operator of Lounge, Cosy Club and Brightside cafes and bars - Says the High Court of Justice in England and Wales has sanctioned the increased and final takeover offer by Fortress Investment Group LLC. The offer has become fully unconditional, with delivery of the court order to the Registrar of Companies expected on February 11. Loungers shares will be cancelled from trading on AIM on February 12.
Current stock price: 324.00 pence, unchanged
12-month change: up 45%
By Michael Hennessey, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2025 Alliance News Ltd. All Rights Reserved.
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