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Article: Marston's pounds 250m move as battle comes to a head.(News)
- Article from:
- The Birmingham Post (England)
- Article date:
- January 9, 1999
CopyrightCOPYRIGHT 1999 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Burton brewery Marston Thompson & Evershed yesterday launched a pounds 250 million bid to swallow its rival Wolverhampton & Dudley rather than be swallowed by it.
If shareholders approve the bid, Marston's management will close both Wolves's breweries in Wolverhampton and Hartlepool, axe 340 jobs and sell off the 1,000 tenanted pubs of both groups.
But Wolves last night rejected the plan calling it disintegration, downsizing and ...