Meanfiddler.com Raises Cash For Reverse Takeover
Mean Fiddler Holdings Ltd., parent of U.K. venue and festivals operator Mean Fiddler Group, is to go ahead with a planned reverse takeover by its online subsidiary in a deal worth £33.5 million ($49.43 million). Meanfiddler.com plc confirmed yesterday that it has raised the £5 million ($7.37 million)
needed to fund the combined operation; the online firm fell £1.5 million ($2.21 million) short of the target in August (Bulletin, Aug. 23). The cash will be used "to [expand] the brands that we've got, such as the Jazz CafÉ and Reading, and to acquire some similar-type businesses," founder and chairman Vince Power tells Bulletin. Power says he aims to double the enlarged group's valuation within the next year, and expects that within two years, it will be worth "a couple of hundred million pounds."
Bass Brewers Ltd. has emerged as a major new shareholder in the company, with an 8.75% stake. "This is exceptional news given current market conditions," Power says.
The larger company is to be refloated Oct. 29 on the Alternative Investment Market under the name Mean Fiddler Music Group Plc. (Bulletin, Aug. 21). Shareholders will vote on the changes Oct. 26.
Bass Brewers Ltd. has emerged as a major new shareholder in the company, with an 8.75% stake. "This is exceptional news given current market conditions," Power says.
The larger company is to be refloated Oct. 29 on the Alternative Investment Market under the name Mean Fiddler Music Group Plc. (Bulletin, Aug. 21). Shareholders will vote on the changes Oct. 26.
In addition, make sure to read these articles:
- U.K.'s Mean Fiddler Group Picks Up Venue Contracts
- Daisytek Controls 90.4% of ISA Ordinary Shares; Offer for European Computer Supplies...
- Hi-Fi Festival Axed
- Bits - August 1, 2000
- Numetrix Announces Software that Delivers Savings inVehicle Loads; New Release is Part of...
- Research and Markets: Foreign Multinationals have Stepped In to Dominate UK Brewing.
- Alternative Investment Market
- Very Slow Growth is Forecast for the UK Drinks Market as a Whole between 2006 and 2010.
- Plastic beer bottles are no longer just a dream.
- Carling, Cce Form Sponsorship Pact
- Molson Canada.
- Festival Secures Its Future
- Scottish Courage wins glass packaging award.
- Latest Retail Sales Data on Major Wine Producing Countries Now Released.
London-based Mean Fiddler Group has been awarded the contract to manage 21 U.K. venues, including Home in Leicester Square, following the acquisition of the portfolio ......
Business Editors & High Tech Writers Daisytek International Corporation (Nasdaq: DZTK) has received acceptances from shareholders or acquired shares in open-market purchases representing 90.4% of ......
Poor ticket sales and a focus on Global Gathering add to the annual dance festival's cancellation.
Highfield to BBC ......
TORONTO--(BUSINESS WIRE)--January 7, 1997--Numetrix Ltd., one of the world's leading providers of intelligent supply chain management software solutions, today announced the availability of a new ......
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c21326) has announced the addition of Breweries & the Beer Market 2005 to their offering The UK brewing ......
Company Close 19th Jan Close 26th Jan %Change ......
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c34967) has announced the addition of The Drinks Market - Market Review 2006 to their offering. It is ......
Commercial success of two major foreign beer brands packaged in plastic bottles looks like the first wave in what could soon be a flood of ......
Clear Channel Entertainment (CCE) has made a spirited move into the U.K. through a groundbreaking £20 million ($29 million), three-year sponsorship deal with Carling, the ......
Molson Coors has appointed a new chief commercial officer for Molson Canada. Mark Hunter will assume the position following his time with Coors Brewers Ltd....
All devoted parents have problems letting go of their offspring. Ask pioneering British music-festival organizer Michael Eavis.
Innovation in glass packaging was recognised at the Institute of Packaging's Starpack Awards, which was recently held alongside the Total exhibition, held in Birmingham, UK....
DUBLIN, Ireland -- Research and Markets www.researchandmarkets.com has announced the addition for the Latest Wine reports from Euromonitor International. Euromonitor International publishes Wine reports on ......
Email
Digg It
del.icio.us
Business Resources
Sponsored Links
Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy
Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.
© Copyright 2001 Nielsen Business Media, Inc. All rights reserved.
You may not repost, republish, reproduce, package and/or redistribute the content of this page,
in whole or in part, without the written permission of the copyright holder.
Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.
AllBusiness.com, its parent company D&B, and its affiliates.
