LNN lion nathan limited

"There are rumours of an impending takeover of Australian beer...

  1. 3,698 Posts.
    "There are rumours of an impending takeover of Australian beer maker Lion Nathan. According to market speculation, Filipino giant San Miguel may acquire Kirin's 46% stake in Lion, on the way to making a full takeover bid. Kirin, which also owns 20% of San Miguel, has reportedly been irritated with Lion since the brewer offloaded its Chinese division in 2004, and may be willing to do an equity-trade deal. Analysts expect that San Miguel would offer up to $A9 per share, valuing Lion at $A5bn. The stock hit $A8.38 on 24 August 2005."
    Any thoughts on this? Thanx
 
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