Amatil and Neverfail keep cool in water stand-off

By just-drinks.com editorial team | 6 May 2003

Having rejected the recent takeover bid by Coca-Cola Amatil, Australia's leading home and office water company, Neverfail Springwater, is actively seeking counter-bids. There are no shortage of potential bidders but none has yet emerged. As Chris Brook-Carter reports Neverfail shareholders could be taking a substantial risk by holding out for a better offer.

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Having rejected the recent takeover bid by Coca-Cola Amatil, Australia's leading home and office water company, Neverfail Springwater, is actively seeking counter-bids. There are no shortage of potential bidders but none has yet emerged. As Chris Brook-Carter reports Neverfail shareholders could be taking a substantial risk by holding out for a better offer.

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