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The Independent UK

Business

Henry Saker-Clark

Fortress ups takeover bid for hospitality chain Loungers to £354m

Fortress Loungers Fortress Investment Group United States

Loungers saw sales jump to above pre-pandemic levels (Loungers/PA) -

US private equity firm Fortress has increased its takeover bid for cafe bar business Loungers after pushback from investors.

Fortress Investment Group said it has now made a 325p-per-share offer to buy the fast-growing hospitality chain, in a move which would value it at £354.4 million.

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