Stonegate Pub Company in £100m bid to buy Revolution bars

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Drinks: Drinks
Other: Business

Revolution Bars Group has announced its board has received a conditional £100m acquisition proposal from the Stonegate Pub Company.

The cash offer of £2 per share is subject to ongoing discussions between the two, as Stonegate is currently undertaking a due diligence review.

In a statement issued by Revolution, it said: ‘there can be no certainty that any offer for the company will be made, nor as to the terms on which any offer might be made.’

Stonegate has until 5.00pm on 28 August 2017 to announce if it intends to make a firm offer or not.

Revolution declared that its announcement of the prospective deal was being made without the prior agreement or approval of Stonegate.

Stonegate has acquired a number of brands in recent years, including Walkabout operator Intertain in December, and three sites in February from Faucet Inn.

About Author

Claire Dodd

As a freelance journalist, Claire has written about pretty much any topic you can imagine, from which are the best sausages, to how to flood-proof your home. However, her writing on drinks began when she landed a job as a features writer for the Publican magazine in 2007. Adjusting to a lifestyle of sampling the best drinks from around the world was tough, but someone had to do it. Having left the title in 2011, today Claire focuses on drinks and travel writing for both consumer and trade titles. Aside from searching the globe for the best drinks, and the nicest spots to consume them, she also judges global brewing competitions and keeps an eye on the business moves of the on-trade.

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