In the Spotlight - Lion Nathan, Coca-Cola Amatil
By Michelle Russell | 24 November 2008
The Australian drinks industry has certainly experienced a shake-up in the last week following Coca-Cola Amatil's rebuffal of Lion Nathan's A$7.7bn (US$4.75bn) takeover bid. The offer, which Lion Nathan's chief executive Rob Murray described as an "attractive premium", has been met with some scepticism amongst the analyst community, who believe a sweeter offer could be on the cards.
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The Australian drinks industry has certainly experienced a shake-up in the last week following Coca-Cola Amatil's rebuffal of Lion Nathan's A$7.7bn (US$4.75bn) takeover bid. The offer, which Lion Nathan's chief executive Rob Murray described as an "attractive premium", has been met with some scepticism amongst the analyst community, who believe a sweeter offer could be on the cards.
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