The private equity firm stalking Marston’s has walked away after its £690m third bid was rejected.
Platinum Equity Advisors had offered 105p-a-share, following earlier offers of 88p and 95p, but the Marston’s board unanimously agreed that this still “very significantly” undervalued the business.
Marston’s has about 1,500 managed, franchised and leased pubs.
The mixed-use scheme is expected to support 2,500 jobs once complete
The site holds hybrid planning consent for 1,493 homes, 475 hotel beds and 31,000 sq ft of commercial space
COMMENT Pedalling with purpose: How community action powers productivity
With the DEI narrative shifting and companies and politicians stepping back from their previous commitments, it is more important than ever for those in the LGBTQIA+ community and their allies…
