JAPAN: Sapporo quizzes US hedge fund on takeover bid

By | 2 March 2007

Sapporo Holdings has reportedly asked US private equity firm Steel Partners for more information on its potential takeover bid for the Japanese brewer.

Steel Partners has proposed a plan to raise its stake in Sapporo from 17.52% to 66.6% but has indicated that it may in fact sell its shares should an attractive offer emerge.

According to a Reuters report yesterday (1 March), Sapporo, Japan's third-largest brewer, said it has given Steel Partners a questionnaire to deduce more information on its bid.

Sapporo has asked for information including the purpose and method of its tender offer and its plans for the management of the company, the report said.

Sectors: Beer & cider, Soft drinks, Water

Companies: Sapporo

View next/previous articles

Currently reading -

JAPAN: Sapporo quizzes US hedge fund on takeover bid

There are currently no comments on this article

Be the first to comment on this article

Related articles

JAPAN: Asahi leads by a nose as shipments decrease

Japanese brewers Sapporo, Asahi, Kirin, Suntory and Orion have shown a second straight month of year-on-year decreases in beer shipments, according to reports.

JAPAN: Sapporo accused of "inappropriate" takeover questions

Steel Partners has warned Sapporo Holdings that its 'advanced warning system' (AWS) is being used in an "inappropriate" manner to ward off attempts by the company to buy the Japanese firm.

CANADA: Brick Brewing considers sale

Brick Brewing Co. has made itself available to purchase.

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