John Hargreaves, the chairman of Matalan, is expected to table an £817m bid for the low-price chain on Wednesday when a Takeover Panel deadline expires.
The 200p a share offer will be backed by Barclays Capital and Hargreaves who, together with his family, controls 53% of Matalan.
It is understood that, barring last-minute glitches, financing is in place and the deal is on track.
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Including:
A local private investor has snapped up the multi-let office for £6.1m
Agency sees group-wide rises for leasing and capital markets revenue
The refurb is set to deliver 250,000 sq ft of office space at 125 Shaftesbury Avenue
Fund house picks up city site from Nuveen
