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Parkdean ‘receives bid approach’
Sunday, 13 Oct, 2005
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Holiday park operator Parkdean Holidays is reported to have been the target of a bid approach.
Shares in the company, which has 20 sites around the UK, rose by 35p to 256.5p on news of the approach, The Guardian reported.
In a trading update last month, the company admitted that results for the year ending October 31 will be below market forecasts due to “challenging” market conditions in the sector.
Parkdean has almost 3,000 accommodation units and is due to launch its 2006 brochure this month – six weeks earlier than last year.
Report by Phil Davies
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