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Article: JAPAN'S KIRIN, LION NATHAN AGREE ON TAKEOVER DEAL.
- Article from:
- AsiaPulse News
- Article date:
- April 27, 2009
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SYDNEY, April 27 Asia Pulse - Brewer Lion Nathan Ltd's (ASX:LNN) independent directors and Japanese predator Kirin (TSE: 2503) have reached an agreement on a deal for Kirin to acquire Lion Nathan.
Lion Nathan said its independent board committee and Kirin had agreed on a deal under which Kirin would acquire all of the issued shares in Lion Nathan that it does not already own for the equivalent of $A12.22 ($US8.81) per share.
The price includes $11.50 per share to be paid by Kirin, and another 72 cents to be paid by Lion Nathan as a fully franked cash component.
The deal values Lion Nathan at $6.5 billion on an equity basis, and $8.2 buillion on ...