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NewRiver in talks to acquire Hawthorn Leisure
NewRiver was forced to confirm that it has entered a period of exclusivity with Hawthorn Leisure Holdings and its major shareholder regarding a potential acquisition of the business on Monday.
The FTSE 250 firm's admission followed press speculation regarding the potential acquisition of Hawthorn.
It said a transaction, if completed, would be funded from NewRiver's existing resources.
"There can be no certainty that a transaction will be concluded and a further announcement, as appropriate, will be made as soon as practicable," the board said.