Essenden, the owner of the Tenpin bowling centre chain in the UK, has confirmed that it has received a preliminary approach from Harewood Capital regarding a possible acquisition.
Source: Essenden
The company said the discussion is “highly preliminary” but included the possibility of an acquisition of its entire issued and to be issued share capital.
Essenden made the announcement while noting a recent rise in its share price. A further announcement will be made as appropriate, it said.
Earlier this month, the company reported its preliminary results for the year to December 28, revealing that like-for-like sales rose 6.6 per cent and EBITDA increased 40 per cent to £5.7m.
