Heineken set to clinch Punch Taverns as rival suitor pulls out

 
Tracey Boles
Pub Clientele
Pub goers (Source: Getty)

Heineken is set to win the hand of Punch Taverns after a rival suitor decided today not to pursue its bid.

The deadline for offers is this Friday but it is understood that Emerald, backed by entrepreneur Alan McIntosh, has stood down giving Heineken a clear path to a takeover of Punch, subject to any regulatory approval.

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