Intrigue as Stockport jeweller buys into Pinewood
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 brother and sister An... For the full story register now for free or login below...