Thursday, January 12, 2006

LION NATHAN HOLDING OUT FOR COOPERS

Lion Nathan’s attempt to takeover Cooper’s Brewery may not yet be done. They have extended their closing date from January 20 to March 20, exactly 2 months. Apparently, according to Chief Rob Murray, Lion Nathan is taking legal matters into their own hands and doing everything necessary to block Cooper shareholders’ decision last month to remove Lion Nathan’s pre-emptive rights.