Full-year results for Revolution Bars (RBG) were perhaps overshadowed by the bidding war that has centred on the group. Stonegate Pub Company appears to be leading the way with a 203p-a-share cash offer, although nightclub operator Deltic has until 10 October to “put up or shut up”, according to Revolution. Should Deltic come back with a higher cash bid, then management said it would not take long for the board to change its stance, which currently recommends that shareholders accept Stonegate’s proposal.
IC TIP:
Hold
at
210p