02 June 1999
US firm set to capture Hillsdown

THE US venture capital firm Hicks, Muse, Tate & Furst is close to winning control of the UK food group Hillsdown.

Hicks increased its shareholding in its target to nearly 30% and committing itself to raising its offer to £537 million.

The US group is expected to unveil details of an increased offer for Hillsdown, which values the groups at 147p a share.

The offer trumps the 145p a share bid from the UK venture capitalist Candover.