Reubens’ Stake

25 January 2006 – The Times

The declaration by the billionaire Reuben brothers of a 15 per cent stake in Ultimate Leisure has reignited takeover speculation surrounding the bar and club operator.

The Reuben brothers declared a 15 per cent stake in Ultimate Leisure, the bar and club operator. The Times understands that the shares were already held by the Reubens through so-called contracts-for-difference and that their total stake, including CFDs, is 29 per cent, just below the level at which they would be forced to launch a full bid