AUS: Coopers thanks Lion as sales roar
Coopers Brewery has thanked Lion Nathan for upping its profile following the failure of Lion's takeover bid.
The family-controlled Australian brewer said today (18 July) that the unsuccessful bid had helped lift its profile outside its home state of South Australia. I
n the last financial year, Coopers' sales were up by almost 14% over the corresponding period a year earlier, with beer sales leaping by around 50% in Western Australia and almost 40% in Queensland.
"While we were maybe a little distracted last year with the Lion Nathan takeover it's pleasing to see that it hasn't affected our sales in any way and in fact has probably helped to increase the knowledge of Coopers interstate," Coopers' executive chairman Glenn Cooper told local press.
Lion spent the latter half of 2005 making overtures to the brewer, which collapsed in December, after Coopers' shareholders voted overwhelmingly in favour of removing Lion's pre-emptive share purchase rights. In January, Lion attempted to kick-start its bid, but to no avail.
Australian beer and wine group Lion Nathan is expected to announce a move into ready-to-drink spirits next week. David Robertson assesses the options available to Lion as it seeks to emulate the succe...
Lion Nathan has received a sizeable tax demand, following an audit at one of its subsidiaries....
Private equity firm CCMP Capital has won the race for Independent Liquor, just-drinks understands....
Lion Nathan has pulled out of the race for Independent Liquor after private equity groups bid up the price for the New Zealand spirits group....
A private-equity consortium of Pacific Equity Partners and Nikko Principal Investments has reportedly tabled the highest bid for New Zealand RTD group Independent Liquor....
The deadline for bids for New Zealand's Independent Liquor passed today (6 December) but front-runner Lion Nathan remained tight-lipped on whether it had tabled an offer....
Lion Nathan reportedly faces its main opposition for Independent Liquor from private equity groups ahead of tomorrow's (6 December) deadline for the New Zealand-based spirits business....
New Zealand's Beer, Wine and Spirits Council looks set to close down at the end of the month after Lion Nathan decided pull out of it....
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