S&N seeks partners to fight takeover bid

30 October, 2007

Scottish & Newcastle is looking for another brewer to buy Carlsberg’s stake in their Russian joint venture BBH in a bid to stay independent, reports have said.

SABMiller and Anheuser-Busch are among those rumoured to be S&N’s potential partners as it attempts to fight off a joint takeover bid by Carlsberg and Heineken. S&N has rejected the offer, calling it “unsolicited and unwelcome”.

The brewer has dismissed reports it is seeking a team-up with other major players as “pure speculation”. Observers have said that even if it successfully fends off the takeover bid it will have to face some sort of corporate restructuring.

S&N has also threatened to take Carlsberg to court, saying the takeover bid broke the terms of the BBH shareholders agreement.




Bookmark this


Site Search

COMMENT

Welcoming the wine rookie

It’s all true. Wine writers loaf around in a state of partial inebriation and partial undress, bitching about having to taste free wine all day and using recondite words like malolactic, terroir and recondite. 

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter