Friday, September 3, 2010

Carluccio's agrees to £90.3m takeover offer from Landmark

Italian restaurant chain Carluccio's has agreed to a £90.3m takeover offer from Middle Eastern retail and leisure giant Landmark.


Dubai-based Landmark, which holds the franchise for Carluccio's in the Middle East and owns 5.1% of the group's shares, has offered 142p in cash per share. It said it has irrevocable undertakings or letters of intent from shareholders accounting for 36.5%.

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