Young's Completes City Pubs Acquisition
Why we think this is neutral
This RNS is a routine regulatory announcement confirming that Young's has complied with its post-offer intention statements related to the acquisition of City Pubs, which was completed over a year ago. The announcement does not contain any new financial or operational information that would impact the investment case for Young's.
Key Points
- Young's has confirmed it has complied with post-offer intention statements related to the acquisition of City Pubs
- The acquisition of City Pubs was completed on 04 March 2024
Summary
The retailer has provided an update on the completion of its acquisition of another company, as required by regulatory rules.
Young & Co.'s Brewery, P.L.C. has announced that it has complied with its post-offer intention statements related to the completion of its recommended cash acquisition of The City Pub Group Plc, which became effective on 04 March 2024. This is a routine regulatory announcement and does not contain any new financial or operational details about Young's business.
GENERAL UPDATE