Littlechild may scupper power deal
Article Abstract:
It is expected that the director-general of electricity supply, Stephen Littlechild, will demand that 5000 megawatts of electricity capacity be sold off by PowerGen as the price of approval for its acquisition of East Midlands Electricity. This would be the equivalent of half its coal powered generating stations. Mr Littlechild's recommendation is soon to be sent to the Director General of Fair Trading, and his recommendation will powerfully influence the person who has the ultimate power to stop the merger, the President of the Board of Trade. Such a sell off demand could scupper the merger anyway because so far PowerGen has said that it is only willing to sell 2000 megawatts of power.
Comment:
Must sell 5000 mw of electricity as part of for its acquisition of East Midlands Electricity as decided by ind director-general
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Bulmer buys US cider firm
Article Abstract:
The UK brewing company responsible for the Strongbow and Woodpecker cider brands, Bulmer, has announced that it has acquired Green Mountain Cidery
Comment:
Acquires US company Green Mountain Cidery for $14.4 mil in cash, US
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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UK: W&D REJECTS BOTTS APPROACH
Article Abstract:
Botts, the UK-based venture capital group, has seen its bid for Wolverhampton & Dudley (W&D), the largest regional brewery group in the UK, rejected. Botts had offered GB[pound] 5.00 per share, but W&D's management claimed the offer undervalued its business. The announcement of the rejection caused W&D's shares to fall GB[pound] 0.315, to close on Friday 18 August 2000 at GB[pound] 4.51. W&D's finance director, Ralph Findlay, refused to comment on rumours that the company's management might launch a buyout and take the company private.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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