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Meanfiddler.com plans Mean Fiddler takeover

All sounds very incestuous... not to mention confusing...

By Will Sturgeon

Published: 5 October 2001 09:04 BST

Music site Meanfiddler.com looks set for a reverse takeover of its parent company, music venue and festival business Mean Fiddler Holdings, following a £5m investment injection from Bass Breweries.

Bass has bought 7.1 million shares in Meanfiddler.com at 70p per share - giving it a share of 8.75 per cent.

Subject to shareholder approval Meanfiddler.com will complete the deal for Mean Fiddler Holdings, with an all share offer worth £33.5m.

The consolidated company will be called Mean Fiddler Music Group.

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