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Fuller's must ‘put up or shut up' over Capital bid by 1 August

05 July 2011 by
Fuller's must ‘put up or shut up' over Capital bid by 1 August

Fuller's has until 1 August to make a firm offer for Capital Pub Company or rule itself out of a bid.

It emerged last month that Fuller's had made an informal offer of £54m (200p per share) for Capital, but that Capital had rejected the bid and declined to enter into discussions. Capital's chief executive Clive Watson said the offer "seriously undervalued" its pubs.

Now the Takeover Panel Executive has ruled that Fuller's must "put up or shut up" by the end of this month.

Fuller's renews pressure on Capital over £54m offer >>

Fuller's £54m bid for the Capital Pub Company rejected >>

Fuller's buys the Lamb & Flag in Covent Garden >>

By Neil Gerrard

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Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

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