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Article: LION NATHAN DEMANDS COOPERS CONSIDER INDEPENDENT VIEW OF BID.
- Article from:
- AsiaPulse News
- Article date:
- December 9, 2005
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MELBOURNE, Dec 9 Asia Pulse - Predator Lion Nathan Ltd (ASX:LNN) shot another salvo across the decks of takeover target Coopers Brewery Thursday, calling for the Adelaide-based company to seek an independent expert's view on Lion's $310 per share offer.
Lion Nathan chief executive Rob Murray said it was normal practice in a takeover battle for the target company to get an update from an independent expert when the offer had been raised and key conditions met or removed.
"Given the lack of independent advice coming from the Coopers boardroom, this would at least provide some independent perspective for Coopers shareholders to consider," Mr Murray said.
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