Updated forecasts from house broker Allenby indicate the earnings enhancing nature of the acquisition of kitchen services provider Filta Holdings (LON: FLTA) by Franchise Brands (LON: FRAN). At 151.5p, the share price is higher than when the bid was announced.
There are 619 franchisees working with the enlarged group, although that includes 381 franchisees for the business to consumer brands, which do not generate the level of revenues of the other operations. Filta takes the group into Nort...
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