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Article: Investors turn to drink on bid talk; MARKET REPORT.(Business)
- Article from:
- Daily Mail (London)
- Article date:
- October 3, 2009
CopyrightCOPYRIGHT 2009 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: by Geoff Foster
KNOWING that October can be the spookiest month of the year, many investors turned to drink. They chased shares of SAB Miller up to 1526p before they closed 35p higher at 1516p on mouth-watering hopes that the international brewer will soon be adding the Sol, Dos Equis and Tecate brands to its impressive stable of labels which already includes Pilsner, Urquell, Peroni and Miller Genuine Draft.
SAB Miller and Heineken are believed to be in talks with Femsa, after the Mexican group confirmed that its Cerveza brewery was up for sale. The business is said to be worth around [pounds sterling]5bn.
Industry sources reckon that ...