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’S&N in play
Having been smoked out on Markets Live, Carlsberg and Heineken have formally confirmed their interest in acquiring Britain’s Scottish & Newcastle. Here’s the key par from the statement:
Carlsberg and Heineken confirm that they are in discussions regarding the formation of a consortium to make an offer for the entire issued share capital of Scottish & Newcastle.
Scottish & Newcastle boss calls last orders
Tony Froggatt, the boss of Scottish & Newcastle, is to call time on his spell in charge of the brewer in a move certain to fuel speculation that the company is up for sale, reports the Daily Telegraph.
S&N riled by Carlsberg speculation
Drinks company Scottish & Newcastle is considering telling Carlsberg to “put up or shut up” after becoming exasperated by repeated suggestions from the Danish brewer that it fancies bidding for the British group,
Carlsberg names new chief, paves way for bid
Carlsberg, the Danish brewer, has selected Jorgen Buhl Rasmussen as its new chief executive, potentially paving the way for a bid by the Danish brewer for Scottish & Newcastle, its UK rival. Mr Rasmussen,
Lombard: Predators, pressure and the waning ‘private equity put’
Amid much discussion of the “Greenspan put” and the risk of moral hazard if central banks intervene to rescue markets, Lombard columnist Andrew Hill typically finds a less obvious angle to a well-publicised issue,