Pubco suspends shares as £400m offer becomes effective
Staffordshire pubco Punch Taverns has suspended its shares on the London Stock Exchange following court-sanctioned approval of a £402m takeover deal.
The High Court ruling, issued under the Companies Act 2006, paves the way for special purpose vehicle Vine Acquisitions to progress its all-cash offer for the entire issued and to be issued share capital of Punch.
In an update to the markets, Punch said: “Trading in Punch shares on the London Stock Exchange's main market and the listing of Punch shares on the premium listing seg... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
