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Article: AUSTRALIA'S LION NATHAN MAKES US$265.89 MLN BID FOR COOPERS.

Article from:
AsiaPulse News
Article date:
September 1, 2005
Copyright

MELBOURNE, Sept 1 Asia Pulse - Trans-Tasman brewer Lion Nathan Ltd (ASX:LNN) today made a A$352 million (US$265.89 million) takeover bid for Coopers Brewery Ltd.

The off-market offer of $260 per Coopers share in cash is not subject to a minimum acceptance condition.

Coopers is an unlisted public company based in Regency Park in South Australia and has about 117 shareholders.

"This is a very compelling offer for Coopers shareholders," Lion Nathan chief executive Rob Murray said.

"Lion Nathan is hopeful of acquiring a significant shareholding in the Coopers business.

"We are offering a demonstrably fair price to acquire shares ...

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