Hugh Osmond has made a takeover approach for PizzaExpress.
The investment vehicle he chairs, Sun Capital, and Capricorn Ventures International, owner of Nandos, have made an indicative offer through newly formed company Twigway of 330p-350p a share.
The offer values the company at up to £251m.
Some hope Osmonds bid will trigger a bidding war for the restaurant chain. Whitbread is seen as an obvious suitor and possibly Luke Johnson.
Financial Times 05/11/02 page 25, page 26 (Lombard), page 27, page 48 (Companies Report)
The Times 05/11/02 page 23, page 24 (Commentary & Need to know), page 25
The Daily Telegraph 05/11/02 page 32 (The Market), page 38
The Independent 05/11/02 page 19, page 21 (Outlook), page 23 (Market Movers)
The Guardian 05/11/02 page 23, page 24 (Market forces)
