Greene King takeover of Spirit Pub no longer conditional on CMA approval

11th Jun 2015 08:21

Greene King's takeover offer for Spirit Pub is no longer conditional on approval from the UK Competition and Markets Authority, as the company has waived the CMA approval condition to which the offer was subject.Greene King is buying Spirit in a £774m takeover.Spirit shares are expected to be delisted on 24 June and dealings in new Greene King shares will begin.By 7 July, a special interim dividend of 6.5p will be paid.At 08:30, Greene King shares were up 0.7% at 823.50p, while Spirit was up 1% at 114.39p.

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