Business Comment: Scottish & Newcastle: Not yet Time to Call Last Orders
Scotland on Sunday › January 24, 2008
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Summary
AS we predicted last week, Carlsberg managed to find a further GBP 200m to match the Scottish & Newcastle board's valuation of the company and get the two warring sides around the table to thrash out what is expected to become a GBP 7.8bn takeover.
After such an acrimonious battle they are hardly likely to kiss and make up, but at least they are now talking and the marriage is back on. With just four days to reach agreement before a new deadline expires most analysts now see this as a done deal, though the possibility of a third party, or more than one third party, gatecrashing the expected celebrations, cannot be discounted.See the full content of this document
Extract
Business Comment: Scottish & Newcastle: Not yet Time to Call Last Orders
The odds are shortening on a rival emerging with a stronger hand to trump the anticipated 800p offer from Carlsberg-Heineken, probably from America or, as we report on page one today, Japan.
Anheuser-Bu...See the full content of this document
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