China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Brewer Lion Nathan holds ground on CC Amatil bid
MELBOURNE (Reuters) - Lion Nathan Ltd LNN.AX, Australia's second-largest brewer, said on Tuesday it had no new moves planned on its A$7.6 billion ($4.9 billion) proposal to take over soft drinks group Coca-Cola Amatil Ltd (CCL.AX).
Coca-Cola Amatil (CCL.AX) rebuffed the offer on Monday.
"We think we've put a very compelling offer forward that needs serious consideration," Chief Executive Rob Murray told reporters at a results briefing.
"There's no immediate next steps as far as we're concerned."
($1=A$1.54)
(Reporting by Sonali Paul, Editing by Mark Bendeich)
