SAB Miller denies S&N bid

Start a new threadBy Ewan Turney , 21-Feb-2008

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

SAB Miller has denied it intends to make a rival bid for Scottish & Newcastle.

 

Reports yesterday suggested SAB Miller would be willing to offer 850p-a-share for the British brewer to outbid the 800p offer from Carlsberg and Heineken.

 

The source of speculation was a blog on Financial Times Alphaville - a digital news service for finance professionals.

 

However, in a statement to the stock exchange, SAB Miller said it had considered a bid but would be taking no further action.

 

It said: "Consistent with its normal practice of evaluating all strategic opportunities, SAB Miller confirms that, following the recent release of additional information on the underlying Scottish & Newcastle businesses, it undertook a preliminary evaluation of the Scottish & Newcastle Group but decided not to take further action with regard to Scottish & Newcastle."

Find us on Facebook

Spotlight

The cost of Premier League copyright violation

The cost of Premier League copyright violation

There is a saying that lightning never strikes twice in the same place, but if you are...

David Beckham to launch a whisky

David Beckham to launch a whisky

David Beckham is to launch a whisky in partnership with Diageo.

Explosion in e-cigarette use presents dilemma for pub operators
Feature

Explosion in e-cigarette use presents dilemma for pub operators

It’s the biggest thing to happen to smoking since the ban. Electronic cigarettes (or e-cigarettes) are on...

Speak up if you're suffering

Speak up if you're suffering

Depressed and overworked licensees should seek help, argues Pete Brown.

Follow us on