Scottish & Newcastle Share Discussion Threads

[wad collector] 20/1/2008 20:57

Loganair looks like you may get £8 after all.I got 7.52 and that let me waste it on other companies that have fallen since then!

[madgooner] 17/1/2008 19:42

sorry - long day...

LOL!

carlsberg/heineken (too much consumed perhaps..)

[madgooner] 17/1/2008 14:47

Assumes talks end up with a bid at least 760p..

Downside of SAB withdrawl is high.

[spob] 17/1/2008 14:39

i'll have some of this

[johnyee7] 17/1/2008 09:47

what's wrong with this share?Thought there was a bid on but just keeps dropping.

[loganair] 14/1/2008 10:29

Scottish & Newcastle has approached private equity investors for its Russian joint venture, a move it expects will underline the need for Carlsberg and Heineken to raise their takeover offer to at least 800p per share.

It will issue a trading statement this week that will show that S&N's fourth-quarter beer sales are in line with expectations.

S&N believes it can create more value for shareholders by either trying to buy Carlsberg's stake in Baltic Beverages Holdings, or selling its own stake in BBH, which it estimates to be worth £4.6bn ($9bn).

S&N is understood to have approached Texas Pacific Group before Christmas to see if the private equity firm was interested in becoming a minority investor in BBH if it tries to buy Carlsberg's stake, either by winning an arbitration case in Sweden or by initiating a "shotgun clause" in the joint venture.

[loganair] 13/1/2008 11:37

The end is nigh in the battle for Scottish & Newcastle; as Dresdner Kleinwort notes, sterling's current weakness is working in favour of the Carlsberg/Heineken consortium finding some extra cash to add to the 780p a share it has proposed; the uncertain fate of BBH, the joint venture with Carlsberg in Russia, is also a factor in making Carlsberg want to clinch a deal with S&N.

[loganair] 11/1/2008 15:34

A major investor in Scottish & Newcastle said the company should stop "splitting hairs" over the bid from Carlsberg and Heineken
and start takeover talks now the consortium is now offering "a good price".

Carlsberg and Heineken raised their bid for S&N to 780 pence per share
yesterday and called on the UK brewer's shareholders to pressure it into
securing a deal before the Takeover Panel's Jan 21 deadline.

A major investor, who declined to be named, told Thomson Investment
Management News: "S&N are being rather pedantic when they should rather start
trashing the deal out."

The investor said it has made clear an offer of around 770p per share should
have been enough to start talks with the Carlsberg/Heineken consortium.

Describing S&N's demand for a higher cash as an attempt to remain
independent rather than to get better value for shareholders, the investor said:
"It is splitting hairs." "They are pushing it, it is only 2 pct more on the price and they should get on now because it is good value," it added. "They put on a good fight and they have reached a good price; they have done well. But now they should get down to it."

The investor was also sceptical about the brewer's latest move to appoint
Ernst & Young to produce an independent report into Baltic Beverages Holding
(BBH), the joint venture with Carlsberg.

"We did not expect it but we were not surprised. It is their strategy to
push the price up to defend themselves. They keep creating another thing to
delay the inevitable," it said. "They are fiercely independent and their actions would suggest they do not want this bid but it is impossible to say what will happen.

The investor added: "It may be that the consortium will come back with the
800p (offer). What would they say then? It would be interesting to see that."

Carlsberg and Heineken have until Jan 21 to put forward a formal offer.

[loganair] 11/1/2008 14:23

Reply to my e-mail I sent to S&N:

Thank you for your email to our enquiry email address regarding your thoughts on the consortium's 780p proposal to S&N. The board is continuing to collect views from all our shareholders. They remain completely mindful of their roles vis a vis shareholders.

A particular complication in this situation is the future forecasts of BBH which we are not allowed to disclose to you. The Board is conscious that this creates a situation where it and the consortium have a clearer picture of the value of S&N than you do. We are pressing to release this information thereby enabling you to have a fuller understanding of the Board's position.

Kindest Regards,

Liz MacDonald
Investor Relations
Scottish & Newcastle plc
www.scottish-newcastle.com

[loganair] 11/1/2008 14:22

Wad - Around that time one was able to get around £8, I wish I had sold out then. The advise being given was hold out for a much higher bid, in the region of £8.50.

Now I'm willing to accept the 780p which is now being offered.

[wad collector] 11/1/2008 12:29

I took the money in October and got 752.I now wonder whether I'll be buying back if this bid talk all stalls.Looks unlikely but ....

[loganair] 10/1/2008 21:03

Carlsberg/Heineken, thank you for the 780p offer. I have e-mailed S&N asking the directors to open talks. Please go hostile and you can have my shares for the 780p you're offering.

[loganair] 07/1/2008 08:13

If Carlsberg/Heineken raise there offer a touch, to say 780p, i'll definately SELL what ever S&N say their Russian holding is worth.

[bigbobjoylove] 27/11/2007 11:45

would sell if i could get the stock released. Amazed the bidders haven't started touting institutions, surely given market conditions they'd take 750p. There's no way this share price could be achieved without a bid not with these donkeys running the show.

[wardy3] 21/11/2007 19:05

Shutting down Reading Brewery Bottling plant and Racking plant, pubs I visit all losing vast amounts of trade due to the smoking ban, only one way this is going sell up now is my advice, takeover will not proceed in my eyes, best price for a long time at the moment, heed my advice.

Redundancies at Reading will cost a fortune.

[bigbobjoylove] 20/11/2007 13:28

looks like SAB is out of the frame, major shareholders should ignore the management here (who have destroyed shareholder value this last 10 years)and accept 750p. This bunch of carthorses won't be able to get the shares to 750p by themselves. I'll take 750p for my 2800.

[loganair] 20/11/2007 10:32

They've all gone down the pub!!!!

[chairman2] 15/11/2007 15:40

so there was this really exciting bid battle

and what happened here??

[loganair] 30/10/2007 14:18

I think this attempt to buy Carlsberg's 50% of BBH is a red herring. I do not think that S&N would even be able to get a rights issue away.

I also think that S&N do not oppose a take over by Carlsberg and that a higher offer in the region of 800p will be put on the table sooner or later and that the 720p which I have not as yet seen as a formal offer was just to test the water which was found to be decidedly chilly at that price.

[coogar] 30/10/2007 13:16

The share price is already way up there with events on fundamentals. They may also be considering a rights issue in an attempt to buy Carlsberg's 50% of BBH.

[wad collector] 30/10/2007 08:46

Interesting that the bid war talk has not translated to any upwards share price movement yet.Curious.

[coogar] 28/10/2007 21:47

eipgam

I didn't get as good a price as you because I hesitated for a day or two. To be honest I panicked when I first became aware of the possibly low level of the Carlsberg/Heineken bid and sold just after the announcement that their shares had been suspended on the basis that that more or less confirmed S & N's earlier statement that they had rejected a bid at 720p..

They may not go low enough for it to be worthwhile for me to get back in but I had been in the last time all the way from 388p so I guess I can live with it :)