SUBSCRIBE

Breaking News on Food & Beverage Development - EuropeUS edition | Asian edition

News > Market Trends

Read more breaking news

 

 

Lion Nathan wine deal on track

16-Nov-2001

Australasian brewer Lion Nathan Ltd said on Thursday it had received acceptances for 93.5 per cent of the shares in Australian winemaker Petaluma Ltd.



Lion launched a A$7.00(EUR 4.13) a share offer for Petaluma in early October, later upping it to A$7.27(EUR 4.3), a bid valuing Petaluma at A$229 million (EUR 135million).Lion said it intended to compulsorily acquire the remaining Petaluma shares, which last traded at A$7.20(EUR4.25) and would now be suspended from trading in accordance with ASX Listing Rules. The offer closes on Monday, November 19.

Live Supplier Webinars

Rethinking Fat Forum
William Reed Business Media

On demand Supplier Webinars

Your future starts at Cargill's T for Trends
Cargill Cocoa & Chocolate
Food testing — let automation take the strain
Qiagen
ETENIA™: Recognize True Milk Value
AVEBE
The FoodNavigator Salt Reduction Forum
William Reed Business Media
All supplier webinars