Shares jump as Breare is reported to have made W&D bid
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Shares jump as Breare is reported to have made W&D bid

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Following reports earlier this week of Pubmaster's interest in the Wolverhampton and Dudley brewery business, sources close to the deal say that Robert Breare's Noble House Pub Company has made a bid. The alleged bid, led by venture capitalists Botts and Co, is understood by city analysts to be set at 500p a-share, valuing the company at £472m. It was following interest from leisure entrepreneur Breare last October that W&D effectively put itself up for sale. However, sources close to the deal say that Breare wants an extra week added to the 5 April deadline imposed by W&D, to pay due diligence to the deal. A third party rumoured to be making a bid is the management team led by managing director, David Thompson. Shares jumped 16p yesterday to 460p, indicating that what has been a long, drawn-out auction, may be reaching a conclusion.

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Following reports earlier this week of Pubmaster's interest in the Wolverhampton and Dudley brewery business, sources close to the deal say that Robert Breare's Noble House Pub Company has made a bid.
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