News

UK: S&N claims 92.3% of Bulmer and closes offer

Most popular

Diageo/LVMH move for Pernod won't wash

just-drinks speaks to Pernod CEO Alex Ricard

How to win the marketing war in spirits

The just-drinks Analyst returns

Where will Pernod focus its attention in 2019-21?

MORE
The UK brewer, Scottish & Newcastle (S&N), has closed its offer for the cider producer, HP Bulmer, saying that it now controls 92.3% of the company.

S&N said it had received valid acceptances for 88.1% of the issued ordinary share capital in Bulmers. The brewer said the offer had now closed and any acceptances received after 3.00pm London time on July 17 would be invalid and not be accepted.

S&N announced on April 29 that it had acquired 2,205,238 ordinary shares in Bulmer representing approximately 4.2% of the total, so the brewer now owns, or has received valid acceptances for, a total of 49,027,927 Bulmers ordinary shares, representing 92.3% of the total capital.


Sectors: Beer & cider

Companies: Scottish & Newcastle

Related Content

"We really want to change the perception of Tequila with Altos" - Pierre-Aymeric du Cray, VP of Pern...

The remarkable story of Patrón Tequila - Focus

The remarkable story of Patrón Tequila - Focus...

Who are the winners and losers of AB InBev's takeover of SABMiller? - Comment

Who are the winners and losers of AB InBev's takeover of SABMiller? - Comment...

This week in soft drinks & bottled water, featuring PepsiCo's latest results, Coca-Cola's September shopping spree and the group's ongoing spend in October

This week in soft drinks & bottled water, featuring PepsiCo's latest results, Coca-Cola's September ...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?