	horiz n agrees to mln stg bid from bass bass plc bass l and horizon travel plc said terms have been agreed for an offer worth around mln stg for horizon by bass the offer values each horizon share at some of a bass ordinary share or p this is based on a price of p the bass share quotation at gmt on april horizon said its board and financial advisers consider the offer to be fair and reasonable and the board will unanimously recommend acceptance to its shareholders horizon shares jumped p to after the announcement while bass shares dipped p to bass has for some time regarded overseas holidays as an area for expansion and in pursuit of this objective uired a pct holding in horizon in when it set up the jointly owned hotel company both bass and horizon said that bass s resources will enable horizon s businesses to expand strongly this year on march bass said it had agreed to sell its pontins u k holiday camps to a newly formed private company pontins ltd for some mln stg reuter 
