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Intrigue as Stockport jeweller buys into Pinewood

The entrance to Pinewood Studios
The entrance to Pinewood Studios
James Graham
James Graham
Deputy Editor, North West

PEEL Holdings' plan to acquire Pinewood Shepperton could be thrown into disarray by a Stockport jeweller Warren James which is understood to have acquired 15% of the shares.

Manchester-based Peel has already offered 200p-a-share which values Pinewood at £92.4m, or £96.1m including a final dividend.

This deal has the backing of Pinewood's management and today Peel said its offer had become unconditional as to acceptances with the backing of 63.3% of shareholders.

But Warren James, owned by... for the full story register now for free or login below...

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