Deals
U.K. Pub Owner Marston’s Receives Platinum Takeover Approach
- Shares of two-century-old British bar group surge on news
- Platinum makes unsolicited proposal on possible cash bid
Marston's brewery in Burton upon Trent, U.K.
Photographer: Jacob King - PA Images/Getty Images
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Marston’s Plc has received a takeover approach from Platinum Equity, the latest attempt by a private equity firm to buy a storied British pub operator.
Platinum made an unsolicited, non-binding proposal on a possible cash bid, Marston’s said in a Friday statement, confirming an earlier Bloomberg News report. The company’s board will evaluate the proposal with its advisers, it said.