Brewer Lion Nathan holds ground on CC Amatil bid

Mon Nov 17, 2008 6:50pm EST
 
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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)

 
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