The acquisition of pub operator Yates Group is back on after the company bidding to take it over raised its offer.
Thorium, a company made up of venture capital firm GI Partners and the Yates management team, raised its bid from 140p a share to 147p, valuing Yates at £98.4m, excluding debt.
It was forced to raise its price after a consortium linked to Yates's founders, holding 20% of the shares, last week said it would block the planned deal.
The consortium has now said it will accept the raised offer, unless a higher bid comes in from another company.
Thorium says its offer is final, unless there is a competing bid.
Shareholders now have until 9 August to accept.
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