By Ian Walker PizzaExpress Group owner Wheel Topco doesn't plan to make a formal offer for Wagamama owner Restaurant Group due to market conditions, it said.
FTSE 100 Edged Lower, Buoyed by Resilient Retail Sector morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
The FTSE 100 closed 0.1% down after another muted session, buoyed by resilience in the retail sector. Primark-owner AB Foods reported a 16% increase to full-year revenue, hiked its shareholder.
PizzaExpress Adds Takeover-Bid Twist for Wagamama s Owner bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
PizzaExpress s parent tabled a secret proposal this year to reverse into The Restaurant Group in return for a big stake in the company, Sky News learns.