Menu
Menu
Lion Nathan shareholders approve Kirin's takeover bid

Lion Nathan shareholders approve Kirin's takeover bid

Beverage maker Lion Nathan will be acquired by Japanese brewer Kirin, after shareholders today voted overwhelmingly in favour of the sale.

Kirin will pay $12 for each share in Lion Nathan the company does not already own. The deal values Lion Nathan at $8.3 billion on an enterprise value basis, the company told the ASX.

Nearly 92% of non-Kirin shareholders, holding 98.75% of the voting power, voted in favour of the merger.

The merged company will be the biggest single supplier to Australia’s supermarkets, with brands including Tooheys, Hahn and XXXX.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags Mergers and acquisitionsLion Nathan

More about Lion Nathan

Show Comments

Market Place

Computerworld
ARN
Techworld
CMO