PRESS DIGEST - British Business press - Feb 25 =8

Sun Feb 24, 2008 10:33pm EST
 
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Anheuser-Busch is believed to be evaluating a counterbid for Scottish & Newcastle SCTN.L that would offer opposition to the 7.8 billion pounds takeover offer agreed with Carlsberg and Heineken (HEIO.AS: Quote, Profile, Research, Stock Buzz)(HEIN.AS: Quote, Profile, Research, Stock Buzz). Many industry experts believe that the S&N board would consider a counterbid, pointing out that it is persevering with a lawsuit against Carlsberg, on the grounds that the latter's involvement in a takeover offer had "materially breached" a shareholder agreement pertaining to a major eastern European joint venture between the two.

Prepared for Reuters by Durrants

 

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