Carlsberg raises stakes at Scottish & Newcastle
The Carlsberg and Heineken consortium raised its offer for Scottish & Newcastle by 30p a share today, valuing the Scottish-based brewer at £7.3 billion.
Carlsberg called the new offer a “full and fair” price, pointing out that it valued the group at a considerable premium to its value as an independent entity.
The increased offer sent Scottish & Newcastle shares 3 per cent higher to 766p in early trade.
In a statement, the consortium said that its offer for S&N represented a premium of 41 per cent to the company’s share price of 531p in March 2007, before speculation began that an offer might emerge for the Scottish group.
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