Peel makes 200p/shr offer for rest of Pinewood
* Represents premium of 22 pct to Pinewood's April 7 close
* Rival bid difficult, but possible - analysts
* Shares down nearly 4 percent (Adds details of Peel owner in paragraph 1, Al Fayed background in paragraph 8)
BANGALORE, April 27 (Reuters) - Pinewood Shepperton agreed to be bought by largest shareholder and property tycoon John Whittaker, after his investment firm sweetened its bid for the James Bond studio to 96 million pounds, in a bid to ward off a late challenge from billionaire Mohamed Al Fayed.
The 75-year-old studio, which is also home to the Batman and the Pirates of the Caribbean films, recommended a 200 pence per share cash offer.
The offer for Pinewood, whose chairman Michael Grade was under the spotlight last year after its second largest shareholder Crystal Amber Fund demanded his resignation, represents a 22 percent premium to Pinewood's April 7 close.
http://www.reuters.com/article/2011/04/27/pinewood-peel-idUSL3E7FR1A520110427