Franchise Brands (LON: FRAN) has launched a recommended all share bid for kitchen services provider Filta Holdings (LON: FLTA) at a time when the target is set for a profit bounce back. This looks a good fit for Franchise Brands.
The offer is 1.157 shares for each Filta share. Franchise Brands shares were trading at 147.5p each, so Filta was valued at 170.7p a share, capitalising the company at £49.8m. The share price has not been that high since last summer. The Franchise Brands share price...
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