Honeycombe Leisure shares suspended ahead of takeover announcement

11 May 2007 by
Honeycombe Leisure shares suspended ahead of takeover announcement

Struggling pub chain Honeycombe Leisure has had it shares suspended from the Alternative Investment market (AIM) after speculation about a takeover pushed up its share price.

The company, which warned in January that without a rescue deal it would be unlikely to be able to keep trading, requested the action and said it would make a further statement in due course.

Honeycombe did confirm it "was in advanced talks regarding a possible acquisition" likely to constitute a reverse takeover under the rules of AIM.

A reverse takeover occurs when a listed company is taken over by one that is not. The acquirer then takes on the stock market listing.

Honeycombe's future in the balance >>

Still no buyers for struggling Honeycombe Leisure >>

Honeycombe Leisure chairman in talks for company >>

By Chris Druce

E-mail your comments to Chris Druce](mailto:chris.druce@rbi.co.uk?subject=Honeycombe Leisure shares suspended ahead of takeover annoucement) here.

[The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking