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Allied Domecq Accepts LNN`s Offer for Banksia-Offer Uncond. 13-01 1746 Lion Nathan Ltd ("Lion") today advised that Allied Domecq ("Allied") has accepted Lion`s offer (through its wholly owned subsidiary Lion Nathan Enterprises Pty Limited) of $1.27 per Banksia share in respect of all of the shares that it owns in Banksia. Allied`s acceptance takes Lion`s relevant interest in Banksia to approximately 99.1% of the shares in Banksia and means that the minimum acceptance condition in the offer has been satisfied. Accordingly, Lion`s offer is now unconditional. Lion intends to immediately proceed with compulsory acquisition in accordance with the Corporations Act. All remaining Banksia shareholders are encouraged to accept the offer as soon as possible. Lion`s offer will not be extended and the offer will close at 7.00 pm, Sydney time, on 24 January 2003. Commenting on the announcement, Mr Gordon Cairns, Chief Executive Officer of Lion, said "We are pleased that Allied recogoised the attractiveness of Lion`s offer. The offer provides an opportunity for the remaining Banksia shareholders to exit at an attractive price. The acquisition of 100% of Banksia will enable Lion to integrate fully Banksia`s operations with our other wine businesses. We encourage all remaining Banksia shareholders to accept the offer as soon as possible". For further information, please contact: Lion Nathan Justine Smyth, GROUP FINANCE DIRECTOR 02 9290 6632 0408 253 219 ends - AAP gefunden bei www.finanznachrichten.de |
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| aus der Diskussion: | Allied domecq - hochprozentiges konservatives Investment? |
| Autor (Datum des Eintrages): | mr.lukoil (14.01.03 11:16:30) |
| Beitrag: | 6 von 11 (ID:8301158) |
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