IT might be a bargain chain, but Poundland yesterday paved the way for a mega-bucks deal to buy arch rival
99p Stores for PS55million.
M2 EQUITYBITES-February 6, 2015-Poundland enters in sale and purchase agreement to acquire
99p Stores for GBP55m
WHEN Kingsgate Shopping Centre in Dunfermline, we saw dozens of people with Poundland and
99p Store bags.
Steak & mushroom potato toppers (454g), pounds 1.39; picota cherries (500g),
99p; 160 tea bags (double pack), pounds 1.49.
ASDA: Sage & onion stuffed chicken (1.89kg) pounds 2.38; ASDA ready meals (400g)
99p were pounds 1.29; cauliflowers 39p; ASDA chocolate fudge ice cream cones (4-pack)
99p were pounds 1.39; Savanna summer cocktail (70cl) pounds 1.49.
THERE are bargains in comfort food and five-a-day fruit and veg at Lidl as Lighthouse Bay cod fishcakes (270g) are scaled down from PS1.25 to
99p. Chef Select Smoky BBQ Boneless Beef Ribs (450g) fall from PS2.99 to PS2.39 while Smoky BBQ Pulled Pork (400g) tumbles from PS2.29 to PS1.85.
Its bid interest comes after a testing time for Poundland, which had seen its shares slump by a third in a year following tough trading and a dif-ficult takeover of rival
99p Stores.
Breaks Q Fly from Birmingham 3 nights from only PS279pp With FREE Nights
99p Bar October Arrivals** Conditions apply on many dates* Other durations are available Price Includes: Return flights from Birmingham to Jersey Accommodation at the 3* Mayfair Hotel, St Helier -close to town centre shops, bars and restaurants Full English Breakfast Health club and indoor swimming pool facilities Entertainment most evenings Return coach transfers from Jersey Airport One item of checked in baggage per person Check-in and airline booking fees Fully protected by ABTA and ATOL **99p Bar available until 11pm each day.
With FREE Nights on many dates* 3 nights from only PS279pp Q Fly from Birmingham
99p Bar in April & October** conditions apply nts from PS305 | 5 nts from PS335 | 6 nts from PS359 | 7 nts from PS389 Price Includes: Return flights from Birmingham to Jersey Accommodation at the 3* Mayfair Hotel, St Helier -close to town centre shops, bars and restaurants Full English Breakfast Health club and indoor swimming pool facilities Entertainment most evenings Return coach transfers from Jersey Airport One item of checked in baggage per person Check-in and airline booking fees Fully protected by ABTA and ATOL **99p Bar available until 11pm each day.
SHOOSMITHS has advised Poundland on all real estate matters on its PS55 million acquisition of
99p Stores.
LAW firm Shoosmiths has advised Poundland on all real estate matters on its PS55 million acquisition of
99p Stores.
30 September 2015 - UK-based single price general merchandise retailer Poundland Group plc has closed its acquisition of UK value general merchandise retailer
99p Stores Ltd for an enterprise value of GBP 55m (USD 83.70m), the company said.