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EI Group Shares News & Articles

EI Group shareholders cheer 38.5% premium offer from Slug & Lettuce owner Stonegate

Pub company EI Group (EIG) has agreed an all cash offer of 285p from Stonegate Pubs, a private operator of 772 pubs and bars. The shares are trading at the offer price, up 38.5% from last night’s close. The acquisition values the company at £1.27bn pounds, and including debts equates to an enterprise value of £2.97bn, implying a multiple of 11.4 times EI Group’s underlying earnings before ...

Market report: Pub group EI soars on takeover but online fashion retailer ASOS plunges on profit warning

UK corporate news is dominated on Thursday by takeovers and profit warnings as FTSE 250 pubs chain Ei Group (EIG) and one-time online fashion superstar ASOS (ASC:AIM) hit the headlines. Shares in the UK's largest pubs chain Ei soared more than 39% to 286p in early trade as investors react to an agreed takeover deal from Slug & Lettuce pubs owner Stonegate Pub Company. Controlled by ...

Market report: Renewed appetite for Restaurant Group, JD Wetherspoon cheapens on cost caution

London’s FTSE 100 firms 31.2 points to 7,216.6 as the idea Brexit could be delayed stirs up investor interest in UK stocks. This follows a vote by MPs to ask the EU to push back the UK’s exit beyond the current 29 March departure date. Housebuilders, supermarkets, tobacco firms and insurers are all giving weight to the broader FTSE 350 index, with small gains also being registered across all ...
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