Carlsberg acquires beverages arm of Swiss company

Article Abstract:

Carlsberg AS has purchased Feldschloesschen Huerlimann Holding AG' beverages division for 870 million Swiss francs (571.8 million euros). The deal gives Carlsberg control of the largest beer maker in Switzerland.

Denmark, Foreign operations, Switzerland, Malt beverages, Carlsberg A/S, Feldschloesschen-Hurlimann Holding AG

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Allied Domecq favors Whitbread offer, but might still listen to new Punch bid

Article Abstract:

Allied Domecq PLC once again supported Whitbread PLC's initial bid. However, the company did not eliminate the possibility of accepting a revised offer from Punch Taverns Ltd. Allied Domecq announced that it would recommend to shareholders Whitbread's offer of 2.88 billion pound sterling (4.44 billion euros) for the firm's more than 3,500 pubs. The bid is a cash and stock offer. Allied Domecq said it would allow shareholders to decide between Whitbread's offer and Punch's 2.93 billion pound sterling all-cash bid.

Comment:

Allied Domecq supports Whitbread 's initial bid, but does not eliminate possibility of accepting revised offer from Punch

Abstract

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Whitebread withdraws bid for U.K. pubs

Article Abstract:

Acquisition target UK-based Allied Domecq is free to be acquired by Punch Taverns Ltd., since Whitbread PLC has withdrawn from the bidding. Whitbread's withdrawal follows an unanticipated ruling by the Competition Commission promising further review, with an answer in October 1999. Whitbread said that it was negating the bid becausae of the long delay.

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