Pizza Express owner not planning to make offer for Restaurant Group
Restaurant Group
64.80p
16:45 20/12/23
0.00%
0.00p
The owner of Pizza Express cited "market conditions" on Tuesday as it confirmed that it does not intend to make an offer for The Restaurant Group.
FTSE All-Share
4,423.44
11:40 23/12/24
n/a
n/a
FTSE Small Cap
6,786.59
11:40 23/12/24
n/a
n/a
Travel & Leisure
9,232.72
11:40 23/12/24
0.01%
1.25
TRG announced on 26 October that it had received a request for due diligence from Wheel Topco, as it was evaluating a possible offer for the Wagamama owner.
Just two weeks earlier, TRG said it had agreed to be taken over by private equity firm Apollo in a £701m deal. Under the terms of the deal, TRG shareholders will receive 65p in cash per share.