P527ORACLE 527 Mon 3 Feb C4 1712:54   DAVENPORTS REJECTS  REVISED OFFER Birmingham brewer Davenports has rejected improved and final terms from neighbouring Wolverhampton & Dudley Breweries. Davenports' board said the revised terms "still do not reflect the long- term value of the company". It continues to believe that Davenports future is best secured by remaining an independant company. The board advises shareholders not to take any action. City headlines 500 Newsfile 520 * HOLIDAYS GALORE! * 580