Business Services Industry
Don't pull Lion's tale, Coopers told.
Australasian Business Intelligence, October, 2005
Byline: Blair Speedy
Oct 03, 2005 (The Australian - ABIX via COMTEX) -- The legal wrangle between South Australian brewer Coopers and hostile bidder Lion Nathan is continuing. The Federal Court has heard from Lion Nathan's lawyers that Coopers' directors had rejected the takeover bid based on preliminary advice that the shares were
worth more than the $260 Lion Nathan is willing to pay, but did not reveal what they considered a fair valuation. Lion Nathan is pursuing an injunction that would force Coopers to tell shareholders that by agreeing to extinguish Lion Nathan's pre-emptive rights, they would end the takeover offer,
reduce liquidity of their stock and...
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