Two brewers to gain new owners (Dealscape

Brewing M&A gained momentum Monday, as Japan's Kirin Holdings Co. Ltd. agreed to a takeover valuing Australia's Lion Nathan Ltd. at A$8.2 billion ($5.9 billion), while a source close to the deal reported that buyout shop Kohlberg Kravis Roberts & Co. LP is favored to buy South Korea's Oriental Brewery Co., a unit of Anheuser-Busch InBev NV/SA.

Kirin, Japan's biggest drinks maker, said Monday that it had agreed to pay A$12.22 per share for Lion Nathan, a 47% premium to the target's share price on April 22, before Kirin announced plans to bid for the company. The payment consists of A$11.50 per share in cash and a A$0.72 exceptional dividend.

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NOT A SUBSCRIBER? Two brewers to gain new owners Posted on April 27, 2009 4:26 PM Brewing M&A gained momentum Monday, as Japan's Kirin Holdings Co. Ltd. agreed to a takeover valuing Australia's Lion Nathan Ltd. at A$8.2 billion ($5.9 billion), while a source close to the deal reported that buyout shop Kohlberg Kravis Roberts & Co. LP is favored to buy South Korea's Oriental Brewery Co., a unit of Anheuser-Busch InBev NV/SA. Kirin, Japan's biggest drinks maker, said Monday that it had agreed to pay A$12.22 per share for Lion Nathan, a 47% premium to the target's share price on April 22, before Kirin announced plans to bid for the company. The payment consists of A$11.50 per share in cash and a A$0.72 exceptional dividend. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 368 in-depth reports of M&A deals in the Food sector 33 company pages related to brewers 32 articles related to Lion Nathan Ltd. 21 articles related to Kirin Holdings Co. Ltd. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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