Carluccio's shares soar after talks of a takeover

6th May 2009, 10:19am

Various media reports have shown how shares in Carluccio's jumped 18% to 92.5p after the high street Italian restaurant chain confirmed it has been approached in a takeover bid.

In a statement Carluccio's said: "The Board of Carluccio's notes the recent movement in its share price and announces that it has received a preliminary approach. This preliminary approach may or may not lead to an offer being made for the Company.

"This announcement has not been made with the agreement or approval of the potential offeror and there can be no certainty that an offer will be made or as to the terms on which any offer might be made. A further announcement will be made in due course."

In its last trading statement, the company said it was continuing to perform in line with the Board's expectations and in the 26 weeks to 29 March 2009, turnover grew by 14% over the same period in the prior year.

Carluccio's added that its recent flurry of '2for1' promotional vouchers had seen footfall increase.

Carluccio's trades all day with a low average spend in the caffe of £12 per head.

Related Articles:

• 01 Apr 2010 - Trading across Carluccio's stores is ahead of expectations
• 05 Feb 2010 - Restaurant chain Carluccio's is on target to open five more stores this year
• 14 May 2009 - Behind the scenes at Carluccio's

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