XXXX- Tooheys brewer agrees to Japanese takeover

Australia's second largest brewer Lion Nathan has agreed to a $6.5 billion takeover deal with Japanese beer maker Kirin Holdings.

Lion Nathan's board has agreed to the deal which will see Kirin Holdings buy all the shares in the company that it does not already own.

Lion Nathan says the offer is worth $12.22 a share.

The offer is subject to approval by the Foreign Investment Review Board and non-Kirin shareholders.

Lion Nathan's beer brands include XXXX, Tooheys and James Boag's.

More Quotes and Company Information:LION NATHAN LIMITED (ASX: LNN.ax)Lion Nathan Limited (NZX: LNN.nz) ... read original article
Mon 27th April 2009 - 10:56am