UK's City Pub Group hits over 2-yr high on Young & Co buyout offer

City Pub

16/11/2023 08:37

** Shares of City Pub Group  CPC.L  up 30% at over two-year
high of 128.53p
    ** British pub operator Young & Co  YNGa.L  to buy City Pub
for 145p per share
    ** Deal values CPC at 162 mln pounds ($200.5 mln)
    ** If gains hold, CPC stock to post record one-day pct gain 
    ** Young & Co down 5%, among top pct losers across London
    ** As of last close, CPC up 37% YTD
 
 ($1 = 0.8080 pounds)

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))