Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Uproar After NC State Agent 'Fixes' Girl's Lunch Preschooler has to eat chicken nuggets instead of mom's meal »

Beer War Brewing in Europe

Carlsberg, Heineken may bid for Newcastle parent

By Jim O'Neill,  Newser User

Posted Oct 17, 2007 1:35 PM CDT

(Newser) – Trouble could be brewing as two European brewers draw a bead on one of the UK’s top suds makers, Scottish & Newcastle. Copenhagen-based Carlsberg and Amsterdam’s Heineken are negotiating to form a consortium to buy the brewer of Newcastle Brown Ale for as much as $14 billion, the Wall Street Journal reports, though the bid isn't welcome news to S&N.

S&N called the proposal "unsolicited" and told shareholders it would remain independent. Carlsberg and Heineken said no formal offer was made, but the news pushed S&N’s share price up 20% today, boosting its value to $14.7 billion. Analysts were mixed on the outlook—some saying the share price had peaked, others suggesting it could go higher.

Carlsberg, Heineken Under Investigation
Carlsberg, Heineken Under Investigation   (Getty Images)
A bottle of Foster's beer sits on a counter in a Sydney hotel. (AP Photo/Mark Baker, File)
A bottle of Foster's beer sits on a counter in a Sydney hotel. (AP Photo/Mark Baker, File)   (Associated Press)
Brewer Hans Juergen Iwan, right, and manager Helmut Erdmann show glasses of strong beer and white beer respectively at the Ayinger brewery in Aying, southern Germany, Tuesday, May 15, 2007. The German government's subsidies to plant crops for sale as environmentally friendly biofuels is driving up the price of barley...
Brewer Hans Juergen Iwan, right, and manager Helmut Erdmann show glasses of strong beer and white beer respectively at the Ayinger brewery in Aying, southern Germany, Tuesday, May 15, 2007. The German...   (Associated Press)
(FILES) File picture taken 19 September
(FILES) File picture taken 19 September   (Getty Images)
Carlsberg
Carlsberg   ((c) O Pirata)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

Sioux Tribe Sues Beer Makers for $500M

FIFA: World Cup Must Have Beer

Drink Up! FDA OKs Hangover Pill

Brewing at Chicago Starbucks: Beer, Wine

Beer Can Be Good For Your Heart


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne