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AUSTRALIA'S ACCC NOT TO INTERFERE WITH SAN MIGUEL BID FOR NATIONAL FOODS.
SYDNEY, March 2 Asia Pulse - Australia's competition watchdog said today that it would not interfere with Philippines soft drink and beer giant San Miguel Corporation's bid for Australian dairy company national Foods Ltd.
San Miguel is currently offering $A6.00 ($US4.71) per share in a bid that is backed by National Foods' board.
"The ACCC noted that there is no overlap between San Miguel's different activities in Australia and hence no change likely to the different markets in which these businesses operate," Australian Competition and Consumer Commission (ACCC) chairman Graeme Samuel said.
San Miguel's other Australian interests include the J Boag & ...
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...Philippine conglomerate, San Miguel Corporation. In the...2006, Australia's National Foods and Berri garnered...Date: 21 April 2006 SAN MIGUEL CORPORATION SAN MIGUEL FOODS AUSTRALIA HOLDINGS PTY LTD NATIONAL FOODS LIMITED BERRI LIMITED...
Source: HighBeam Research, AUSTRALIA'S ACCC NOT TO INTERFERE WITH SAN MIGUEL BID FOR NATIONAL...