Loungers has announced its acceptance of an all-cash takeover proposal from Fortress Investment Group. According to reports ...

All-day cafe-bar-restaurant group Loungers is set to be acquired by Fortress Investment Group for about £350.5m.

Fortress Investment Group is pushing further into the the U.K.’s hospitality sector with its acquisition of pub and ...

Loungers directors said their shares were undervalued and illiquid and they have been looking for a buyer for some months ...

Dan Coatsworth, investment analyst at AJ Bell, said takeover activity was “red hot on the UK market”, with action being ...

Fortress Investment Group has agreed to acquire Loungers, a hospitality company, for around £338.3 million ($428.1 million; €405.8 million). The price implies an EV of around £350.5 million. Each ...

Fortress is offering 310p per share, valuing the total equity of the company at around £338 million ($428 million; €406 ...

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