Carlsberg & Heineken to up bid for S&N

Start a new thread15-Jan-2008

Related topics: Company & City News, Drinks & Brands News

Brewers rumoured to be ready to increase bid to 800p a share

Carlsberg and Heineken are set to increase their offer to 800p a share in a bid to seal a deal for Scottish & Newcastle (S&N), reports Reuters.

 

The Consortium has been given until 21 January by the UK Takeover Panel to clinch a deal or drop its bid.

 

S&N rejected a 780p a share offer last week and is hoping to wrest control of Baltic Beverage Holdings (BBH), its joint venture with Carlsberg, from the Danish brewer by proving it breached their agreement.

 

One source told the Reuters agency: "Carlsberg simply cannot walk away and risk losing BBH. It has to pay up this week."

 

S&N has been rumoured to be willing to accept an offer of 800p a share, which would value the company at £7.8bn.

 

Yesterday, reports suggested that Anheuser-Busch were willing to help S&N buy out Carlsberg's stake in BBH, should they be successful in its arbitration case.

 

Private equity groups Blackstone and Texas Pacific Group are also said to be interested.

Find us on Facebook

Spotlight

Craft Cider Trends

Craft Cider Trends

As the craft-cider movement follows the craft-beer movement, we begin to see parallels in its development. Here,...

5 reasons to offer free Wi-Fi at your pub
Top Tips

5 reasons to offer free Wi-Fi at your pub

Free Wi-Fi has become widely available in all sorts of locations during the past few years. Customers...

Holiday entitlement - a pub employers guide

Holiday entitlement - a pub employers guide

Holiday rights are not as simple as the employer or employee may expect them to be. The...

The Big Interview: Stephen Gould, Everards Brewery

The Big Interview: Stephen Gould, Everards Brewery

Innovation is not just the domain of the craft brewer, as Roger Protz learnt when he spoke...

Follow us on