Battle Hots Up After New Bid for de Vere ; Pounds 745m Offer On Table

Daily PostJune 30, 2006

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Summary


THE battle for Belfry operator De Vere intensified yesterday when hotels boss Richard Balfour-Lynn upped his offer for the group.

De Vere, the Warrington-based operator of the Village leisure hotels, health and fitness brand Greens and the gin-maker G&J Greenall, agreed an improved pounds 745m bid from Mr Balfour-Lynn's Alternative Hotels Group.

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Extract


Battle Hots Up After New Bid for de Vere ; Pounds 745m Offer On Table

The improved figure - up from pounds 723.5m offered on Monday - was tabled amid continu...

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