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No deal: Revolution shareholders reject takeover

No deal: Revolution shareholders reject takeover

It appears that Revolution Bars (RBG) will not be taken over after all, at least for the time being. Shareholders have voted against Stonegate Pub Group’s 203p-a-share bid, with 54 per cent rejecting the deal. This is despite Revolution's management encouraging investors to take the cash offer, which was first proposed after the group issued a profit warning in May. Chief executive Mark McQuater has resigned with immediate effect and chairman Keith Edelman will look after the business until a replacement is found. 

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