Reuters reports that Greene King Plc has reached an agreement on a recommended offer for Britain’s Spirit Pub Company, valuing Spirit Pub at about £773.6m.
The offer values each Spirit Pub share at 115 pence, comprising 0.1322 new Greene King share and 8 pence in cash, based on Greene King’s closing price on Monday.
The proposed deal would result in Spirit Pub shareholders owning about 28.9% of combined new Greene King.
Source: Reuters
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