:. Food Industry News

Categories: Mergers and Acquisitions

Kirin Bids A$11 P/shr to Buy Out Lion Nathan

Source: Reuters
24/04/2009

Sydney, April 24 - Japan's Kirin Holdings has made an initial bid of A$11 a share to buy out the remainder of Australasian brewer Lion Nathan Ltd, but Lion wants a higher price, the Australian Financial Review said on Friday.

Daily News Alerts

A deal at A$11 a share would value all of Lion Nathan at about A$6 billion ($4.24 billion) and the 53.9 percent stake not already owned by Kirin at about A$3.2 billion.

In a separate report on Friday, the Australian newspaper quoted unnamed sources as saying Kirin would offer more than A$11.50 a share.

Last year, Kirin offered to pay A$11.50 a share for Lion shares as part of the funding Lion needed for a failed A$7.6 billion bid for Australian drinks group Coca-Cola Amatil.



GO   View more articles on this subject


More Alerts from 24/04/2009


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Lion Nathan H1 Profit Up 7 pct, Raises Outlook
Kirin Makes Buy-Out Approach for Brewer Lion Nathan
Kirin to Buy Dairy Farmers for A$910 Mln
Kirin's Lion Nathan Year Profit Jumps 13 pct
Australia's Graincorp to Buy United Malt, Go Global
Suntory, Itself for Sale, in Talks to Buy Orangina
Japan's Asahi Under Pressure as Rivals Brew Up Merger
Kirin: H1 Profit Likely to Beat Forecast by 11 pct
Asia's Beverage Sector Fizzes Despite Downturn
Japan's Suntory Says Considering Merger with Kirin

More in Food Industry News
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
Brenntag Changes 2.5 Bln Euro Loan to Allow IPO
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Ferrero, Hershey Would Likely Break up Cadbury
Indonesia's Astra Agro Revises Up CPO Forecast
Cocoa Supplier Olam to Benefit from Consolidation Among...

Top Headlines
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Cocoa Supplier Olam to Benefit from Consolidation Among...
Avebe and National Starch Food Innovation to Expand...
Auchan Backs Hypermarkets as Rivals Rethink
Ferrero Could Eye Cadbury Gum, Candy Unit
Dole Food Posts Wider Q3 Loss
Fonterra Sells Stake in UK Joint Venture to Arla
Imperial Sugar Company Closes Three-Way Joint Venture...
PepsiCo to Invest $100 Million in Egypt in 2010
Ex-Parmalat Auditors Settle US Investor Lawsuit
Tesco in Broadband Push as Reaches Beyond Groceries
India Sugar Protest Forces Parliament to Shut
Kerry Group Keeps Full Year Earnings Growth Forecast
Nestle Professional to Acquire Vitality Foodservice
Pinnacle Foods Acquires Birds Eye Foods for USD 1.3...
DSM Makes Great Strides in Production Processes for...
Russian Grocer X5 Plans Higher 2010 Capex
Brazil: Laep in Talks to Sell Dairy Plant to Nestle
SunOpta Announces Opening of Natural and Organic Sesame...
Products Comprising, and Uses of, Decarboxylated Phenolic...
Process for the Preparation of Packaged Heat-Preserved...


 


FLEXNEWS 2009 - All rights reserved
ISSN 1950-6228