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LION NATHAN TO BID FOR NEW ZEALAND'S MONTANA GROUP.
WELLINGTON, July 2 Asia Pulse - Australasian brewer Lion Nathan is making a full bid for New Zealand's largest winemaker, Montana Group, starting with a partial offer for 11 per cent.
Lion said in a statement today that the initial offer would be priced at $5.50 per share, resulting in ownership of 50 per cent of Montana shares if successful.
Lion would then make a bid for the remaining shares at $3.70 per share.
Last week Lion, which holds 62 per cent of Montana, was forced to sell 19 per cent of its shares which were declared defaulter securities.
As a result, Lion's holding will be reduced to 43.8 per cent prior to its initial partial offer.
If all shareholders except rival Allied Domecq accept both offers for all their shares, accepting shareholders will receive an average of at least $4.38 per share, Lion said.
The initial partial offer is subject ...
- Screwcap revamp.(Allied Domecq, New Zealand relaunching screwcap...
- Magazine article from: Grocer November 20, 2004 700+ words
Allied Domecq's New Zealand division is relaunching its Montana range of classic varietals in screwcap and with a new look. The decision affects Marlborough...
- Allied Domecq's Bid for New Zealand Winemaker May Be Headed for Defeat.
- Newspaper article from: Knight Ridder/Tribune Business News February 9, 2001 700+ words
...9--Drinks group Allied Domecq appears to be heading...bid for top-ranked New Zealand winemaker Montana...to 46.8 percent . Allied Domecq hinted it had been robbed of victory by New Zealand's arcane company...
- Brewer Beats Allied Domecq in Contest for New Zealand Winemaker.
- Newspaper article from: Knight Ridder/Tribune Business News February 12, 2001 700+ words
...Australasian brewer, has triumphed over Allied Domecq in the NZ$998 million (UKpound 301 million) battle for New Zealand's top-ranked winemaker Montana...which began last week when Allied Domecq made a bid at NZ$4.40 a share...
- Ruling on Rival's Holding Boosts Allied Domecq's Bid for New Zealand Wine Firm.
- Newspaper article from: Knight Ridder/Tribune Business News June 29, 2001 700+ words
By Lachlan Colqhoun, Evening Standard, London Knight Ridder/Tribune Business News Jun. 29--Allied Domecq's bid for New Zealand's top-ranked wine producer Montana received a major boost today as the NZ Stock Exchange ruled that...
- AFTER missing out to Allied Domecq in its bid for New Zealand's Montana Wines,...
- Newspaper article from: Sunday Business (London, England) October 21, 2001 700+ words
AFTER missing out to Allied Domecq in its bid for New Zealand's Montana Wines, Lion...agreements with Banksia for New Zealand and parts of Australia...bidding war for Montana, New Zealand's biggest winemaker. The...
- Allied Domecq Buys Up More of New Zealand Wine Producer.
- Newspaper article from: Knight Ridder/Tribune Business News May 25, 2001 700+ words
...London Knight Ridder/Tribune Business News May 25--Allied Domecq today paid NZ$167 million (UKpound 50 million) for the...a battle with brewer Lion Nathan for control of Montana, New Zealand's biggest wine producer, but Allied's campaign is dependent...
- Allied Domecq Encounters Competition in Bid for New Zealand Winemaker.
- Newspaper article from: Knight Ridder/Tribune Business News February 9, 2001 700+ words
...Tribune Business News Feb. 9--Allied Domecq's NZ$944 million (UKpound 287.8 million) bid for top New Zealand winemaker Montana has been met...share, up from the NZ$4.40 Allied Domecq offered yesterday. Lion Nathan...
- Allied Domecq Wines USA has officially taken over the import rights to New...
- Newspaper article from: Food & Drink Weekly January 28, 2002 700+ words
Allied Domecq Wines USA has officially taken over the import rights to New Zealand's top wine producer, Montana Wines, and has...Australia, United States and the United Kingdom. Allied Domecq acquired Montana Wines after prevailing in a...
Source: HighBeam Research, LION NATHAN TO BID FOR NEW ZEALAND'S MONTANA GROUP.