Cabra rejoins battle of the Bridge

Article Abstract:

Chelsea Football Club chairman Ken Bates has refused to pay 22.85 million pounds sterling to Cabra Estates, owners of the football club's Stamford Bridge ground. He has this option to purchase after Chelsea's lease expired at the end of 1989. The club must otherwise vacate the site which will then be developed for residential use. Ken Bates has a 29.6% shareholding in Cabra which he might use either as a start to buy the whole company or to vote John Duggan, Cabra chief, off the board.

Mergers, acquisitions and divestments, Buildings and facilities, Football teams, Cabra Estates PLC

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Retail fighter returns to claim the shop

Article Abstract:

John Shannon left his position as chairman and chief executive of women's clothing retailer Country Casuals in 1994, but is now making a hostile 26.8 million pounds sterling takeover bid for the company, in which he holds a stake of almost 20%. If the deal goes ahead, he will remove all board members and pay himself 128,100 pounds sterling. He must now convince shareholders that the company will make better progress under his control.

Management, Retail industry, Retail trade, Interview, Shannon, John, Country Casuals Holdings PLC

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A case of diminishing solutions

Article Abstract:

There are likely to be bitter feuds as Eurotunnel and its 225 bankers attempt to resolve the company's serious financial difficulties. It is now covering its operating costs, but its earnings are still much lower than anticipated. This prompted it to suspend 700 million pounds sterling a year in interest payments on 8 billion pounds sterling of senior debt.

Finance, Railroad holding companies, Eurotunnel PLC

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