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Scottish&Newcastle (SCTN)     

scotinvestor - 15 Oct 2003 00:29

As S&N have now sold off their pub estate, theres a great chance that they will become a takeover bid.
This share could rise substantially soon.
What does everyone else think?

Guscavalier - 24 Jan 2008 12:51 - 41 of 47

Fingers crossed for formal bid at 800p tomorrow Friday 25th following a 24 hour extention given to Carlsberg consortium by T/O panel. Looks like only a question of 'crossing the ts'. However, it may not be the end of the story as mentioned in previous post. sp 761p.

Guscavalier - 20 Feb 2008 17:26 - 42 of 47

As suspected, SABMiller is rumoured to be lining up a counter bid for Sctn at 850p valuing Company at 8.3 billion pounds. sp 808p up 20p today. Some analysts are sceptical but, the Sctn board have left the door open to higher offers nowithstanding the fact the Carlsberg bid was agreed by them. BBH is the attraction as th Russian beer market grew about 20% last year, I believe. With the shares underpinned at 800p, seems little to lose to see if further developments occur.

drrnrp - 21 Feb 2008 08:41 - 43 of 47

sab miller pulled out last night could of had a bidding war bring it on tyey may come back in

Guscavalier - 25 Feb 2008 08:59 - 44 of 47

read somewhere at weekend that another group where working on making a late counter bid. It was just a brief mention. Can not find where I read it. sp firmer this morning at 790p

scotinvestor - 25 Feb 2008 12:09 - 45 of 47

its anchuser busch...american company....someone bought almost 2 million shares at 806p

Guscavalier - 25 Feb 2008 12:43 - 46 of 47

Thanks for that scotinvestor. I see the offer documents arrived today. From page 14 it looks like an inducement fee of nearly 77,000,000 becomes payable if another party successfully enters the fray.

Guscavalier - 02 Apr 2008 20:17 - 47 of 47

Following approvals at Court Meeting and EGM, proceeds of sale and any floating rate note certs should be due around 12th May.
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