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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001021231-03-000395.txt : 20030327
<SEC-HEADER>0001021231-03-000395.hdr.sgml : 20030327
<ACCEPTANCE-DATETIME>20030327105840
ACCESSION NUMBER:		0001021231-03-000395
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20030327
FILED AS OF DATE:		20030327

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIX CONTINENTS PLC
		CENTRAL INDEX KEY:			0000858446
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		IRS NUMBER:				250420260
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10409
		FILM NUMBER:		03619767

	BUSINESS ADDRESS:	
		STREET 1:		20 NORTH AUDLEY ST
		CITY:			LONDON WIY 1WE ENGLA
		STATE:			X0
		ZIP:			32822
		BUSINESS PHONE:		4045513500

	MAIL ADDRESS:	
		STREET 1:		20 NORTH AUDLEY ST
		STREET 2:		-
		CITY:			LONDON ENGLAND
		STATE:			X0
		ZIP:			W1Y 1WE
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>b704055_6k.htm
<TEXT>
<html>
<head></head>
<title>Prepared and filed by St-Ives Burrups</title>
<body bgcolor="#FFFFFF">
<p>&nbsp;</p>
<hr size="3" noshade color="#000000" style="margin-top: -15px">
<hr size="1" noshade color="#000000" style="margin-top: -22px">
<font face="0Font">
<p align="center"> <font size=2 face="serif"><b><font size="4">SECURITIES AND
  EXCHANGE COMMISSION</font></b><br>
  <b>Washington DC 20549</b> </font></p>
<hr align="center" width="150" size="2" noshade>
<p align="center"><b><font size=5 face="serif">FORM 6-K</font></b></p>
<p align="center"> <b><font size=2 face="serif">REPORT OF FOREIGN PRIVATE ISSUER
  PURSUANT TO RULE 13a-16 AND 15d-16 OF<br>
  THE SECURITIES EXCHANGE ACT OF 1934 </font></b></p>
<p align="center"> <font size=2 face="serif">For 27th March 2003</font></p>
<p align="center"> <b><font size=5 face="serif">SIX CONTINENTS PLC</font></b><br>
  <font size=2 face="serif">(Registrant&#146;s name) </font></p>
<p align="center"> <font size="2" face="serif">20 North Audley Street<br>
  London W1K 6WN, England<br>
  (Address of principal executive offices)</font></p>
<hr align="center" width="150" size="2" noshade>
<p> <font size=2 face="serif">Indicate by check mark whether the registrant files
     or will file annual reports under cover Form 20-F or Form 40-F.</font></p>
<table width="100%" border="0">
  <tr>
    <td align="center"><font size=2 face="serif">Form 20-F&nbsp;&nbsp;<img src="tickedbox.gif" width="12" height="12">
      </font><font size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2 face="serif">Form
      40-F&nbsp;&nbsp;<img src="emptybox.gif" width="12" height="12"></font></td>
  </tr>
</table>
<p> <font size=2 face="serif">Indicate by check mark whether the registrant by
     furnishing the information contained in this form is also thereby furnishing

  the information to the Commission pursuant to Rule 12g3-2(b) under the Securities
     Exchange Act of 1934.</font></p>
<table width="100%" border="0">
  <tr>
    <td align="center"><font size=2 face="serif">Yes&nbsp;&nbsp;<img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size=2 face="serif">No</font><font size=2 face="serif">&nbsp;&nbsp;<img src="tickedbox.gif" width="12" height="12"></font></td>
  </tr>
</table>
<p> <font size=2 face="serif">If &#147;Yes&#148; is marked, indicate below the
     file number assigned to the registrant in connection with Rule 12g3-2(b): <u>Not
      applicable</u></font></p>
<p align="center">&nbsp;</p>
</font>
<hr size="1" noshade color="#000000" style="margin-top: -15px">
<hr size="3" noshade color="#000000" style="margin-top: -24px">
<div style="page-break-before:always"></div
><p align="center"><font size="2" face="serif"><b>SIX CONTINENTS PLC</b></font></p>
<p align="center"><font size="2" face="serif"><b>Rejection of Offer for Mitchells
  &amp; Butlers</b></font></p>
<p align="left"><font size="2" face="serif">27 March 2003</font></p>
<p align="left"><font size="2" face="serif">Following a number of expressions
  of interest from venture capitalists, the Board of Six Continents has received
  a cash proposal from a financial buyer for Mitchells &amp; Butlers. The proposal
  values Mitchells &amp; Butlers at &pound;2.8 billion and is subject to due diligence
  but is not conditional upon the deferment of demerger.</font></p>
<p align="left"><font size="2" face="serif">This proposal has been carefully considered
  by the Board Committee which has been put in place to review all such proposals.
  A meeting has also taken place with the financial buyer to evaluate the proposal.
  The Board Committee has advised the Board of Six Continents that, at this time,
  and at this level in the absence of a comparative market valuation for Mitchells
  &amp; Butlers as an independent company, the offer is not considered sufficiently
  attractive and therefore cannot be recommended to shareholders. This recommendation
  has been accepted and is the unanimous view of the Board of Mitchells &amp;
  Butlers, the Board of Six Continents and their financial advisers, Cazenove,
  Merrill Lynch and SSSB.</font></p>
<p align="left"><font size="2" face="serif">The Committee believes it is in the
  shareholders' interests to evaluate all offers in an orderly manner that ensures
  transparency of process, awareness of alternatives and a full appreciation of
  the value of Mitchells &amp; Butlers as an independent business with an efficiently
  structured balance sheet.</font></p>
<p align="left"><font size="2" face="serif">As previously announced, a structured
  finance review is being undertaken as a priority to ensure that shareholders
  are informed of the probable range of capital that may be returned to them as
  part of a refinancing exercise.</font></p>
<p align="left"><font size="2" face="serif">It is considered that this key information
  will provide a quoted market value as a fair and reasonable benchmark against
  which offers may be evaluated and Board recommendations judged.</font></p>
<p align="left"><font size="2" face="serif">Enquiries:</font></p>
<table border="0" width="100%" cellspacing="0" cellpadding="0">
  <tr valign="top">
    <td align="left" width="22%"><font size="2" face="serif"><b>Six Continents
      PLC</b></font></td>
    <td width="78%" align="left"><font size="2" face="serif"><b>020 </b><b>7409
      1919</b></font></td>
  </tr>
  <tr valign="top">
    <td align="left"><font size="2" face="serif">Roger Carr</font><br> <font size="2" face="serif">Senior
      Non-Executive Director</font></td>
    <td align="left"><font size="2" face="serif">&nbsp;</font></td>
  </tr>
  <tr valign="top">
    <td align="left">&nbsp;</td>
    <td align="left">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td align="left"><font size="2" face="serif"><b>Finsbury</b></font></td>
    <td align="left"><font size="2" face="serif"><b>020 </b><b>7251 3801</b></font></td>
  </tr>
  <tr valign="top">
    <td align="left"><font size="2" face="serif">Roland Rudd</font><br> <font size="2" face="serif">James
      Murgatroyd</font></td>
    <td align="left"><font size="2" face="serif">&nbsp;</font></td>
  </tr>
</table>
<p>&nbsp;</p>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div>
<a name="p?"></a>
<page>
<p align="center"><font size="2" face="serif"><b>SIGNATURES</b></font></p>
<p><font size="2" face="serif">Pursuant to the requirements of the Securities
  Exchange Act of 1934, the registrant has duly caused this report to be signed
  on its behalf by the undersigned, thereunto duly authorized.</font><font size="2" face="serif"><b><br>
  </b></font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="42%">&nbsp;</td>
    <td width="4%" valign="top">&nbsp;</td>
    <td width="53%" valign="top"><font size="2" face="serif"><b>SIX CONTINENTS
      PLC</b></font></td>
    <td width="1%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top"><font size="2">(Registrant)</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td valign="top"><font size="2">By:</font></td>
    <td valign="top"><font size="2"><u>/s/ M.J.N. Bridge&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td valign="top"><font size="2">Name:</font></td>
    <td valign="top"><font size="2">M.J.N. BRIDGE</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td valign="top"><font size="2">Title:</font></td>
    <td valign="top"><font size="2">DEPUTY SECRETARY</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td valign="top"><font size="2">Date: </font></td>
    <td valign="top"><font size="2">27th March 2003</font></td>
    <td>&nbsp;</td>
  </tr>
</table>
<hr noshade align="center" width="100%" size="2">
</body>
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