Scottish & Newcastle brewer snubs new takeover bid
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Scottish and Newcastle said Thursday it had rejected a new takeover bid from Danish group Carlsberg and Dutch peer Heineken that was worth 7.4 billion pounds.
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Brewing giants Carlsberg and Heineken say they are in talks about forming a consortium to buy Scottish & Newcastle.
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Brewer Scottish & Newcastle said Thursday it was in talks with a view to being taken over by Danish group Carlsberg and Dutch peer Heineken for 7.8 billion pounds.
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Scottish & Newcastle, the British brewer being bought by Carlsberg and Heineken, said on Tuesday that it made a loss of 105 million pounds (139 million euros, 204 million dollars) in 2007.
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Sydney - Australian retailer Coles Myer on Tuesday said it would not raise its bid for pubs operator, Australian Leisure and Hospitality, as rival Woolworths said it had gained more than 20 percent of the company and declared its offer unconditional.
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Business & money: Brewing giant looking for a partner in a bid to seize control of its Russian joint venture with Carlsberg
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Danish brewer Carlsberg on Wednesday denied a claim by takeover target Scottish and Newcastle that it has breached an agreement of their Russian joint venture.
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Portsmouth manager Harry Redknapp reveals he has turned down the chance to manage Newcastle.
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Scottish & Newcastle enters talks with Carlsberg and Heineken after an improved 800p-per-share bid proposal.
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British brewer Scottish and Newcastle (S&N)  considers selling its Finnish holding company to block a potential joint bid from Carlsberg  and Heineken , a Sunday paper said.
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Foster's Group Ltd. ,  Australia's biggest beer and wine maker, said on Wednesday it  was not aware of any takeover proposals, sending its shares  down as much as 3 percent.
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Carlsberg denies claims from bid target Scottish & Newcastle that it has breached the terms of their joint venture.
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UK brewer Scottish & Newcastle, warns of "substantial price increases" to offset rising costs.
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Britain's Cadbury Schweppes Plc  rejected a private equity bid for its North American drinks unit over the terms rather than price after it was asked to finance a third of the deal, industry sources said on Friday.
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OSLO/KUALA LUMPUR  - Norwegian aluminum group Norsk Hydro  and global miner Rio Tinto   declined to confirm or deny reports that they may place separate bids for Canada's Alcan .
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AMSTERDAM - ABN Amro's boards will not recommend either of the two rival takeover bids the Dutch bank has received, they told shareholders yesterday.
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RUSSIAN oil giant Sibneft today rejected any suggestion of a conflict of interest existing between Chelsea and CSKA Moscow who are due to meet in the Champions League.