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Marston's goes on acquisition spree

Marston's (MARS) trumped the announcement of its first-half figures with a share placing-funded acquisition spree. It bought the Charles Wells Brewing and Beer Business, which for £55m will add more than 30 brands to Marston's portfolio, including Young's, Bombardier and McEwan's. This month, Marston's has also acquired seven food-led 'destination' pubs and three Pointing Dog premium pubs. To fund the deal, the company successfully placed 57.6m shares at 137p a share; knocking the market price on the day.

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By Julia Faurschou,
19 May 2017

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