Scottish and Newcastle declines new bid but opens up to talks

Article Abstract:

The UK's Scottish and Newcastle Breweries PLC declined a sweetened bid from Heineken N.V. and Carlsberg A/S, but announced that it has decided to consider the matter at a higher price. Heineken and Carlsberg had raised their takeover offer to 780 pence per share; Scottish and Newcastle states it will enter talks with a firm proposal of 800 pence per share.

Scottish & Newcastle Breweries PLC

---

U.K. brewer S&N rejects increased bid from rivals

Article Abstract:

An increased bid from Heineken N.V. and Carlsberg A/S was rejected by UK brewer Scottish and Newcastle PLC. Scottish and Newcastle officials stated that the sweetened offer, totaling $14.98 bil and $15.39 per share, still undervalued the company.

Scottish & Newcastle PLC

---

Heineken sees boost from BBAG

Article Abstract:

Heineken N.V. has made a 1.5 billion euros bid to acquire Austrian brewer BBAG. The deal would make Heineken the leading brewer in the central European region.

Austria, Netherlands, BBAG

Similar abstracts:

• Abstracts: Politics is local. New party line: breakaway group sets its agenda
• Abstracts: Wider please: the EC tries new tack to open South Korean market. Softly, softly: EU wants closer ties with China
• Abstracts: British Airways traffic declines. Traffic fell 1% during August but load factor rose to 85%. Lufthansa
• Abstracts: India's mandate: share the growth. The terror that stalks India. Indian summer
• Abstracts: European banks face daunting derivatives rules. European rules to allow trading outside bourses

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.