MACINTOSH WANTS BRANTANO

[BIZ: Maastricht, October 29]
The Acquisition of Brantano Shoe is in line with Macintosh Retail Group’s growth strategy and will strengthen its position as international shoe retailer.

Brantano leads the Belgian shoe market with 125 stores, and is the largest out-of-town shoe retail chain in the UK with 146 outlets. Brantano’s total revenues are approx. EUR 300 m and it is along-term profitable company. The offer price per share is EUR 55.00 (almost 30% premium) and the total offer price is EUR 158.2 m. Finance for the acquisition is entirely with loan capital. Brantano’s major shareholders (jointly owning over 56%) support the offer and are prepared to tender their shares.
http://www.macintosh.nl/