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Article: LION NATHAN INCREASES TAKEOVER OFFER FOR COOPERS.

Article from:
AsiaPulse News
Article date:
November 21, 2005
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SYDNEY, Nov 21 Asia Pulse - Australasian brewer Lion Nathan Ltd (ASX:LNN) has increased its takeover offer for South Australian brewer Coopers Brewery Ltd to $A310 ($US226.83) per share, valuing the equity in the company at $420 million.

In September, Lion Nathan offered $260 per share for Coopers, a deal that was rejected by the Coopers board.

Lion Nathan, which produces beers including Tooheys, XXXX and Hahn, has said that Coopers shareholders can also retain the $3 per share final dividend declared by the Coopers board on September 30.

Lion Nathan said the offer is not subject to a minimum acceptance condition.

Lion Nathan said the ...

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