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