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Mohamed al Fayed linked to second Pinewood Studios take-over bid

20-Apr-2011 • Bond News

Mohamed al Fayed - the former owner of Harrods - has made an approach about a possible offer to buy Pinewood Studios, according to Sky News sources.

The owner of Fulham Football Club is not believed to have made a formal bid.

Sky's City editor Mark Kleinman said Mr Al Fayed is reported to have told friends the studio is "a great British monument that needs reviving".

Pinewood has issued a statement to the stock exchange saying: "The Board of Pinewood announced on 8 April 2011 that it had received an approach for the entire issued and to be issued share capital of Pinewood at a price of 190 pence (plus the dividend of 2.5 pence per share in respect of the financial year ended 31 December 2010) from Peel Holdings Limited ("Peel"). Peel is a 29.78% shareholder in Pinewood.

"Since that date the Board of Pinewood has received a further approach from an unconnected third party which also may or may not lead to an offer being made for the Company.

"A further announcement will be made in due course."

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