Bid Fever at Hotel Group ; Rival in Wings As de Vere Shares Soar

Liverpool EchoJune 27, 2006

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Summary


SHARES in Warrington hotels and leisure group De Vere rose 33.5p to 848p at the close of trading yesterday as bid speculation intensified.

De Vere directors agreed a deal with the Alternative Hotels Group over the weekend worth pounds 723.5m, worth 825p a share, but up to pounds 1bn including pension responsibilities.

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Bid Fever at Hotel Group ; Rival in Wings As de Vere Shares Soar

But rival takeover bidder private equity firm Permira yesterd...

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