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Mystery bid for Parkdean Holidays

13 Oct 2005

Parkdean Holidays – which operates 20 caravan parks across the UK – has revealed that it is in talks over a potential takeover.

The announcement comes following a sharp rise in the company’s share price, which closed at 256.5p on 12 October.

Likely bidders are understood to be private equity groups with an existing business, such as ABN Amro Capital or Phoenix Equity Partners.

Parkdean recently warned that its profits for the year ending 31 October are likely to fall below market expectations.

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