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Spirit Pub board rejects bid from cider maker C&C

Reuters - UK Focus

Oct 23 (Reuters) - Britain's Spirit Pub Company Plc (LSE: SPRT.L - news) said it had rejected a proposal to acquire the company from cider maker C&C Group Plc (Other OTC: CCGGY - news) .

Spirit Pub, which is engaged in takeover talks with pub owner Greene King Plc (LSE: GNK.L - news) , said C&C had until Nov. 20 to announce a firm offer for the company.

Greene King has offered to buy Spirit Pub in a cash-and-stock deal, valuing Spirit at 723 million pounds ($1.16 billion). (1 US dollar = 0.6238 British pound) (Reporting by Abhiram Nandakumar in Bangalore; Editing by Maju Samuel)