UK's Fulham Shore soars to near 10-month high on takeover news
05/04/2023 08:37
** Shares of Fulham Shore Plc FULH.L surge as much as
38.1% to 14.5p, their highest since June 9, 2022
** The London-listed restaurant operator agrees to a 93.4
mln pound ($116.9 mln) takeover by Great Sea Kitchens Ltd, a new
company formed by Japan's Toridoll Holdings Corp
** Shareholders of Fulham Shore, which houses the Franco
Manca pizza chain and The Real Greek brand, will get 14.15p in
cash for each share held, a 35% premium to stock's Tuesday close
** Great Sea Kitchens says if Fulham Shore declares or pays
any dividend before the deal completes, then the offer price
will be reduced accordingly
** Including session's gains, stock up 37% YTD
($1 = 0.7992 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))