|Scottish & Newcastle
||EPS - Basic
||Market Cap (m)
Scottish & Newcastle Share Discussion Threads
Showing 2351 to 2368 of 2375 messages
|when do i get my loot ?|
|LEH go down...so does the bid.|
|noticed some heavy buys around 805p+ last week, i bought on thursday at 787p as i can't see AB letting the chance of European expansion go as well as the Russian prospects. Will be an interesting week.|
From The Sunday Times
February 24, 2008
Budweiser plots late Scottish & Newcastle bid
THE American company behind Budweiser beer, Anheuser-Busch, is this weekend examining whether to launch a last-ditch counter-offer for Scottish & Newcastle, Britain's biggest brewer.
The St Louis-based company, the world's third-largest beermaker, has been studying financial data on S&N, which agreed a £7.8 billion bid from its European rivals Carlsberg and Heineken on January 25.
It is likely to come under pressure from the Takeover Panel, the watchdog that monitors bid activity on the London market, to clarify its intentions.
SAB Miller, maker of Peroni, confirmed last week it would not make a counter-bid for S&N after several weeks of talks.
Last night, Anheuser declined to comment. However, the company is thought to be seeking opportunities to expand away from its US heartland, with emerging markets such as Russia � where S&N has a strong presence through a joint venture � seen as particularly attractive.
Some analysts think it is more likely Anheuser will look to pursue a merger with InBev, the Belgian brewer that makes Stella Artois. One said: "This is Anheuser's last opportunity to break into this takeover.
"A lot is at stake and the biggest hurdle for Anheuser is to take control of S&N's Russian joint venture BBH."
Carlsberg and Heineken's attempt to acquire S&N has at times proved acrimonious.
They had to raise their bid three times before securing a recommendation from the Scottish company's board.
Their initial offer was pitched at 720p per share, but a deal was not agreed until they reached 800p. S&N has made it clear it would be open to a higher, rival offer.
Meanwhile, it has emerged that John Dunsmore, chief executive of S&N, was granted a 70% pay rise to £815,000 a fortnight before the Carlsberg and Heineken offer was agreed.
The details of the hike in his basic pay are contained in an offer document sent to S&N's shareholders this weekend.
The company defended the increase, arguing that Dunsmore, who succeeded Tony Froggatt last October, had been doing the chief executive's job while on a deputy's salary since taking over.
His new contract did not get signed until January, it said, because he was busy defending the group against the bid|
|The share price tells the story; somebody thinks a counter bid may be on its way. However there isn't, at this stage, much substance to it, as the share price is only just over 800p. Sit tight & wait & see!!!|
|talk of AB teaming up.|
|SAB Miller to counterbid for Scottish & Newcastle
This entry was posted by Paul Murphy on Wednesday, February 20th, 2008 at 14:16
FT Alphaville understands
This is RAW market info, but it comes from sources with demonstrable form: SAB Miller is plotting an alternative takeover offer for Scottish & Newcastle that will value the British brewer at around 850p a share or £8bn.
S&N, of course, has already agreed terms with Carlsberg and Heineken, who together have offered cash terms worth £7.8bn.
SAB has for some time coveted S&N - primarily for its emerging markets assets, crowned by the Russian BBH brewing business.
Last year it explored a joint plan with Diageo, which would have seen SAB launch a takeover before selling S&N's European beer interests to the maker of Guinness|
|counterbid, thats why sab down.|
|ft alphaville saying sab 850p bid coming|
|A sudden spike to 800p... Hello.|
|Results FLAT today...|
|It will be sad to see them go. My first share was Green... something the brewer whom later got acquired by them..suppose I'll have to consider heineken..
|If you need the cash right away, there is no point in hanging on until the cash is paid out, as that could be up to 6 months away. They haven't published the timetable yet, have they? Presumably that will be in the formal offer document sent to shareholders. Also no dividend will be paid, so nothing to hang on for there.|
|TOOK A WHILE BUT THE BID CAME.LOL|
|I would like to wait, to see if a higher offer comes along. The problem is I need the cash right away.|
i'll be waiting for the cash
Just in case a higher competing offer comes along|
|I'm a little surprised that the share price has not climbed closer to the £8 mark.|