:. Food Industry News

Categories: Mergers and Acquisitions

Brewer Lion Nathan Holds Ground on CC Amatil Bid

Source: Reuters
18/11/2008

Melbourne, Nov 18 - Lion Nathan Ltd, Australia's second-largest brewer, said on Tuesday it had no new moves planned on its A$7.6 billion ($4.9 billion) proposal to take over soft drinks group Coca-Cola Amatil Ltd.

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Coca-Cola Amatil rebuffed the offer on Monday.

"We think we've put a very compelling offer forward that needs serious consideration," Chief Executive Rob Murray told reporters at a results briefing.

"There's no immediate next steps as far as we're concerned." ($1=A$1.54)



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