Embattled pubs group Mitchells & Butlers today confirmed talks to buy the managed pub business from its rival and former takeover suitor Punch Taverns.
Mitchells will consider selling a minority stake in its business in order to fund the deal, after receiving a number of approaches from buyout firms.
But the troubled All Bar One and O'Neill's pubs operator reportedly faces opposition from key shareholders over the plans.
Read more:
http://www.independent.co.uk/news/business/news/mampb-considers-punch-deal-808753.html
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