AUS: Court clears Kirin to swallow Lion Nathan

By | 7 October 2009

Lion Nathan has ceased to exist as a separate entity after Australia's Federal Court approved the takeover of the brewer by Japan's Kirin Holdings.

A Federal Court judge today (7 October) approved Kirin's bid to acquire all shares in Lion Nathan that it does not already own, for a total A$3.3bn (US$2.6bn).

The ruling means Kirin has cleared the last hurdle in its attempt to gain full control of Australia's largest brewer, owner of the XXXX and Tooheys brands.

Lion Nathan said that it would cease trading on the Australian and New Zealand stock exchanges at the close of business today.

The takeover will be officially closed on 21 October, Lion Nathan said, with non-Kirin shareholders set to receive A$11.5 in cash per share.

Lion Nathan shareholders approved the deal last month.


Sectors: Beer & cider, Soft drinks

Companies: Lion Nathan, Kirin

View next/previous articles

Currently reading -

AUS: Court clears Kirin to swallow Lion Nathan

There are currently no comments on this article

Be the first to comment on this article

Related articles

PHILIPPINES: San Miguel Corp to sell Ginebra stake

San Miguel Corp has confirmed that it is seeking to sell a stake in its spirits arm, Ginebra San Miguel, in order to raise funds for acquisitions in other industries.

just the round-up - The week in drinks

The top ten stories published on just-drinks this week.

just the facts - San Miguel Brewery

San Miguel Corp this week confirmed that it is willing to sell its outstanding shares in San Miguel Brewery (SMB), with Kirin Holdings cited as an interested buyer.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page