StockMarketWire.com - Revolution Bars announced that its shareholders are to vote on a takeover offer from Stonegate.

Stonegate, which owns the Slug and Lettuce and Walkabout brands, is reportedly offering 203p a share in cash, valuing Revolution at £101.5 million. Today's announcement gave no financial details, but scheduled a shareholder vote on 17 October.

Stonegate is competing with restaurant owner Deltic which has proposed an all-paper merger.



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