Hardys & Hansons approves Greene King aquisition terms
Shareholders of family-owned pub company Hardys & Hansons (H&H) approved the terms of the company's acquisition by pub giant Greene King yesterday (15 August).
A significant majority of the H&H's family and ordinary shareholders voted in favour of the scheme at separate meetings.
Greene King made the £271m agreed offer for the 174-year-old Midlands pub company and brewer in June this year. The H&H estate comprises 268 pubs, including 83 managed and 185 tenanted.
The deal is the latest in a series of aggressive moves by Greene King which has seen the regional brewer grow to a national giant, with more than 2,400 pubs. Last year it bought Scotland's Belhaven brewery and Essex pub company and brewer Ridley's.
Greene King merger with Hardys & Hansons given go ahead by OFT >>
Is the end near for Britain's independent breweries? >>
By Matthew Batham
Get your copy of Caterer and Hotelkeeper every week -
|