Friday, April 29, 2011

Tom's Pubs

Corporate activity around the remnants of Tom Hedley's pub fund, and it's associated links with lessee NLG, where Tom's 20% interest is still locked up with receivers, as does more than 50% of the pub fund, remains .... ongoing?!

Due diligence has been extended apparently on a deal with the private Laundy pubs. It's now almost two years since Tom's corporate collapse and subsequent bankruptcy. We await an outcome as we do with an expected update by close of business today on CEC.

 

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