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Morgan Stanley Is Sole Bidder for Wagamama, Telegraph Says

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Dec. 5 (Bloomberg) -- Morgan Stanley’s private-equity unit is the sole bidder for Wagamama Ltd. with an offer of “just above” 200 million pounds ($315 million), the Sunday Telegraph reported, citing unnamed persons with knowledge of the situation.

The noodle chain’s owner Lion Capital LLP last month put the sale on hold because bids were too low, and no price has yet been agreed, the newspaper said. NM Rothschild & Sons Ltd., which is advising Lion Capital, asked Morgan Stanley’s unit to raise its bid by 20 million pounds, which it refused to do, the Telegraph said.

To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net