Mitchells & Butlers Plc investor Joe Lewis may have boosted his stake in the company last week to more than 25 percent, allowing him to block resolutions by the company or other investors, the Sunday Times reported, without saying how it obtained the information.
Progressive Corp. Chairman Peter B. Lewis, the billionaire who turned a company founded by his father into one of the biggest U.S. auto insurers and later pushed to legalize marijuana, has died. He was 80.
Piedmont Inc., the investment vehicle of Bahamas-based billionaire Joe Lewis, said it hasn’t ruled out increasing its offer price over 230 pence per share for Mitchells & Butlers Plc, the U.K. owner of the All Bar One pub chain.
Wal-Mart Stores Inc.’s Mexican unit used a current state governor there to facilitate $156,000 in bribes meant to help open stores, an ex-lawyer for the retailer told company officials in 2005, according to documents released by members of the U.S. Congress.
Piedmont Inc., the investment vehicle controlled by Bahamas-based billionaire Joe Lewis, said it hasn’t ruled out raising its offer for Mitchells & Butlers Plc, the U.K. owner of the All Bar One pub chain.
Mitchells & Butlers Plc, the U.K. owner of the All Bar One pub chain, said it would reject a possible 230 pence ($3.64) a share offer from Piedmont Inc. because it “significantly” undervalues the company.