Merlin Entertainments, whose attractions include Alton Towers, Legoland and Madame Tussauds, has been told to put itself up for sale by one of its biggest shareholders.
San Francisco-based activist ValueAct Capital urged chairman Sir John Sunderland to sound out private bidders amid claims the City does not see the true value in the world’s second-biggest visitors attraction group.
Merlin responded by saying “regularly considers all options for driving shareholder value”.
In an open letter, ValueAct, which owns a 9.3pc stake in Merlin, said its share price “does not reflect the underlying value of the company and may not in the foreseeable future”.
A private buyout could value the company at…
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