Joe Lewis News
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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.
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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.
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Mitchells & Butlers Plc, the owner of the All Bar One chain, fell the most since May 2009 in London trading after Piedmont Inc. said it won’t proceed with an indicative offer.
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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.
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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.
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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.
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Mitchells & Butlers Plc , the U.K. owner of the All Bar One pub chain, said John Lovering told the board he plans to resign as chairman and a director of the company “later this year.”
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The following is a roundup of soccer stories from U.K. newspapers with clickable links to the Web.
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Piedmont Inc.’s possible offer to buy Mitchells & Butlers Plc, the U.K. owner of the All Bar One pub chain, for 230 pence ($3.63) a share is “insulting” to shareholders, David Cumming, head of U.K. equities at Standard Life Investments, said today.
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Mitchells & Butlers Plc , the U.K. pub owner that had a board shakeup in January, said it posted a fiscal first-half profit as food sales climbed and finance charges declined.
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