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MONDAY, NOVEMBER 23, 2009
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Beer War Brewing in Europe

Carlsberg, Heineken may bid for Newcastle parent

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(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)
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